Construction Costs
Construction accounting involves charging construction costs to the applicable contract. Costs fall into three categories. Direct costs are labor, material, and subcontracting costs. Indirect costs include indirect labor, supervision, tools, equipment costs, supplies, insurance, and support costs. Selling, general and administrative costs, are generally excluded from contract costs.
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Famous quotes containing the words construction and/or costs:
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—Edmund Burke (1729–1797)
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—Ralph Waldo Emerson (1803–1882)