Primary Author: Rohit Singh, P.Eng. CCP
Audience Focus: Basic
Application Type: Practice
Venue: 2016 AACE International Annual Meeting, Toronto, ON, Canada
Abstract: This presentation highlights the difference between pricing and costing. It is very important to distinguish between the terms “price” and “cost.” There is a very fine difference between them, which is why people often tend to use them interchangeably. This presentation discusses the concepts of pricing and costing of a project, illustrates the differences and helps the reader to identify the inputs, transforming mechanisms and outputs.
Audience Focus: Basic
Application Type: Practice
Venue: 2016 AACE International Annual Meeting, Toronto, ON, Canada
Abstract: This presentation highlights the difference between pricing and costing. It is very important to distinguish between the terms “price” and “cost.” There is a very fine difference between them, which is why people often tend to use them interchangeably. This presentation discusses the concepts of pricing and costing of a project, illustrates the differences and helps the reader to identify the inputs, transforming mechanisms and outputs.