Hard costs
Direct construction costs such as labor, materials, and equipment.
Hard costs are direct expenses related to physical construction, such as labor, materials, and equipment. They are critical for budgeting, cost control, and financial planning, representing a significant portion of total project costs. Accurate estimation and management of hard costs are essential for ensuring projects remain financially viable, supporting effective resource allocation, and maintaining quality and schedule commitments throughout construction.
Used in a sentence
The project budget was divided into hard costs and soft costs.
Synonyms/variation
Direct Costs
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