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Cost defininition
Expenses
Direct costs
Indirect costs
Overhead
3 Types of overhead
Fixed costs, variable costs and mixed costs
Actual costing
Normal costing
Differences in usability of actual costing and normal costing
Main costing methods
Cost indices
Factors increasing acuracy
Things affecting material costing accuracy
Pricing definition and what should be included
Percentage of labour costs out of total construction costs
Positive effects of union membership
Negative effects of union membership
External productivity factors
Productivity internal factors
Effect of making workers work a lot
Effect of large businesses on office expenses
Contingencies
Three main components of the estimated bid price
Requirements for profit
A cost model accuracy
