[null, {"document_url": "https://www.designingbuildings.co.uk/wiki/Cost_vs_price", "unformatted_src": "/w/images/3/36/Dust_290.png", "src": "https://www.designingbuildings.co.uk/w/images/3/36/Dust_290.png", "formatted_filename": "Dust", "alt_text": "Dust 290.png"}, null, {"document_url": "https://www.designingbuildings.co.uk/wiki/Cost_vs_price", "unformatted_src": "/w/images/6/68/Building_a_safer_future_290.png", "src": "https://www.designingbuildings.co.uk/w/images/6/68/Building_a_safer_future_290.png", "formatted_filename": "Building a safer future", "alt_text": "Building a safer future 290.png"}, null, {"document_url": "https://www.designingbuildings.co.uk/wiki/Cost_vs_price", "unformatted_src": "/w/images/c/ce/Building_services_analytics_290.png", "src": "https://www.designingbuildings.co.uk/w/images/c/ce/Building_services_analytics_290.png", "formatted_filename": "Building services analytics", "alt_text": "Building services analytics 290.png"}, null, {"document_url": "https://www.designingbuildings.co.uk/wiki/Cost_vs_price", "unformatted_src": "/w/images/d/da/Waste_and_resources_strategy_290.png", "src": "https://www.designingbuildings.co.uk/w/images/d/da/Waste_and_resources_strategy_290.png", "formatted_filename": "Waste and resources strategy", "alt_text": "Waste and resources strategy 290.png"}, null, {"document_url": "https://www.designingbuildings.co.uk/wiki/Cost_vs_price", "unformatted_src": "/w/images/6/6d/Skills_290.png", "src": "https://www.designingbuildings.co.uk/w/images/6/6d/Skills_290.png", "formatted_filename": "Skills", "alt_text": "Skills 290.png"}, null, {"document_url": "https://www.designingbuildings.co.uk/wiki/Cost_vs_price", "unformatted_src": "/w/images/f/f6/Grunge-1245651_290.png", "src": "https://www.designingbuildings.co.uk/w/images/f/f6/Grunge-1245651_290.png", "formatted_filename": "Grunge", "alt_text": "Grunge-1245651 290.png"}, null, {"document_url": "https://www.designingbuildings.co.uk/wiki/Cost_vs_price", "unformatted_src": "/w/images/8/87/Conservation_wiki_290.png", "src": "https://www.designingbuildings.co.uk/w/images/8/87/Conservation_wiki_290.png", "formatted_filename": "Conservation wiki", "alt_text": "Conservation wiki 290.png"}, null, {"document_url": "https://www.designingbuildings.co.uk/wiki/Cost_vs_price", "unformatted_src": "/w/images/0/06/Improving_Quality_in_the_Built_Environment_290.png", "src": "https://www.designingbuildings.co.uk/w/images/0/06/Improving_Quality_in_the_Built_Environment_290.png", "formatted_filename": "Improving Quality in the Built Environment", "alt_text": "Improving Quality in the Built Environment 290.png"}, null, {"document_url": "https://www.designingbuildings.co.uk/wiki/Cost_vs_price", "unformatted_src": "/w/images/6/61/Brewery_Site_Leeds_290.png", "src": "https://www.designingbuildings.co.uk/w/images/6/61/Brewery_Site_Leeds_290.png", "formatted_filename": "Brewery Site Leeds", "alt_text": "Brewery Site Leeds 290.png"}, null, {"document_url": "https://www.designingbuildings.co.uk/wiki/Cost_vs_price", "unformatted_src": "/w/images/0/0d/Douglas_Sea_Terminal_Building_290.png", "src": "https://www.designingbuildings.co.uk/w/images/0/0d/Douglas_Sea_Terminal_Building_290.png", "formatted_filename": "Douglas Sea Terminal Building", "alt_text": "Douglas Sea Terminal Building 290.png"}, null, {"document_url": "https://www.designingbuildings.co.uk/wiki/Cost_vs_price", "unformatted_src": "/w/images/8/8e/Dr_Long_Seng_To_290.png", "src": "https://www.designingbuildings.co.uk/w/images/8/8e/Dr_Long_Seng_To_290.png", "formatted_filename": "Dr Long Seng To", "alt_text": "Dr Long Seng To 290.png"}, null]



Last edited 03 Jan 2018

Cost vs price

The terms 'cost' and 'price' are are frequently confused with one another and used incorrectly. However, their meanings are clear, and very different:

Typically, in many businesses, the difference between what something costs to produce, and the price it is sold for equates to the profit earned by the producer / seller.

However, in the construction industry, the term cost typically refers to the expense incurred in relation to building works. It can also be used to refer to:

Costs commonly incurred on a construction project can be categorised as hard costs (those related to physical construction) and soft costs (those that are not instantly visible or tangible).

In the construction industry, the term 'price' typically refers to the price offered by a supplier. This could relate to a price for carrying out part of the construction works, for the supply of goods, for the supply of services and so on.



Retrieved from "https://www.designingbuildings.co.uk/wiki/Cost_vs_price"

