Predetermined cost

USAGE SUMMARY

The phrase "Predetermined cost" is correct and usable in written English.
It can be used in contexts related to budgeting, finance, or project management where costs are established in advance. Example: "The project will proceed only if the expenditures remain within the predetermined cost."

✓ Grammatically correct

Real estate

Real option

Banner ads

Super Bowl Squares

Human-verified examples from authoritative sources

Exact Expressions

2 human-written examples

Real estate require the correct holder to acknowledge or dismiss the merchant's predetermined cost before other potential purchasers are offered a similar arrangement and real estate attorney who has experience arranging privileges of first refusal.

Harvard University

Real option itself is "as the right, but not the obligation, to take an action (e.g., deferring, expanding, contracting or abandoning) at a predetermined cost, called exercise price, for a predetermined period of time – the life of the option" [16].

Energy, Sustainability and Society

Human-verified similar examples from authoritative sources

Similar Expressions

58 human-written examples

Banner ads are most often sold CPM ("cost per mille"), with publishers charging a predetermined price for every thousand times an ad is purportedly shown.

Harvard Business Review

For the uninitiated, Super Bowl Squares require participants to place their name in one or more of the 100 available squares of their choice (if you're playing for money, a square would cost a predetermined amount).

The Washington Post

Assume that demand D=K P−αM γ, where K is the predetermined constant and production cost C, which is inversely related to production lot size (units) Q, i.e., C=r Q−β, where r is the predefined constant for unit production cost and β is the lot size elasticity of production unit cost.

Journal of Industrial Engineering International

They are among only a few kinds of businesses today that don't define their scope of work with up-front accountability, a predetermined budget and predictive costs and outcomes.

Forbes

Therefore the present value of the maintenance cost over the predetermined lifespan of 23 years, assuming an inflation rate of 2% and a discount rate of 10%, would be 78¢ per watt or $101,855,915 for the whole 130-megawatt plant.

Chemistry Central Journal

437) as amended (41 U.S.C. 4708) authorizes the use of predetermined rates in determining the "indirect costs" (indirect (F&A) costs) applicable under research agreements with educational institutions.

Cornell University

One strategy that comes to mind to analyze these possible differences is to split the sample into subsets according to the average energy cost share of the predetermined industry sectors as shown in Table 1.

Swiss Journal of Economics and Statistics

Edison also will provide rebates for charging-station owners to cover a predetermined amount of the system's cost.

Los Angeles Times

It is based on a set of predetermined criteria that relate to the estimated cost of remediation and may not necessarily reflect the actual reclamation cost.

International Journal of Coal Science & Technology

Expert writing Tips

Best practice

When using "predetermined cost", ensure that the context clearly indicates when and how the cost was established. Providing this context enhances clarity and avoids ambiguity.

Common error

Avoid treating a "predetermined cost" as an unchangeable fact. Market conditions or unforeseen circumstances can necessitate revisions. Acknowledge the possibility of adjustments, even when a cost is initially predetermined.

Linguistic Context

The phrase "predetermined cost" functions as a noun phrase, where the adjective "predetermined" modifies the noun "cost". It describes a cost that has been established or decided in advance. Ludwig confirms that this phrase is correct and usable in English.

Expression frequency: Rare

Frequent in

Science

38%

News & Media

31%

Formal & Business

12%

Less common in

Academia

11%

Wiki

4%

Encyclopedias

4%

Ludwig's WRAP-UP

The phrase "predetermined cost" is a grammatically correct and usable term, although relatively rare in usage. It's used to describe expenses that are established or agreed upon in advance. According to Ludwig, the phrase is well-suited for contexts relating to budgeting, finance, and project management. While alternatives like "fixed cost" and "set cost" exist, "predetermined cost" emphasizes the proactive nature of setting the cost. When using this phrase, ensure the context clearly indicates how and when the cost was established to avoid any ambiguity.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

Predetermined price

Replacing "cost" with "price" offers a slight variation in terminology while maintaining the same meaning.

Fixed cost

This term implies a cost that does not change regardless of external factors, which is closely related to being predetermined.

Set cost

Similar to 'fixed cost', this denotes a cost that has been established and will not change.

Pre-arranged cost

This emphasizes that the cost was agreed upon in advance.

Agreed-upon cost

Focuses on the mutual agreement regarding the cost.

Established cost

This highlights that the cost has been formally set.

Pre-set price

This alternative focuses on the price aspect of the cost, set in advance.

Known cost

Indicates that the cost is already known or has been ascertained beforehand.

Pre-calculated expense

Emphasizes the calculation aspect of determining the expense in advance.

Budgeted cost

Suggests the cost has been included in a budget.

FAQs

How can I use "predetermined cost" in a sentence?

You can use "predetermined cost" to describe expenses established in advance, such as, "The project's budget was based on a "predetermined cost" for materials and labor."

What's a good alternative to "predetermined cost"?

Alternatives include "fixed cost", "set cost", or "pre-arranged cost". The best choice depends on the specific nuance you want to convey.

Is there a difference between "predetermined cost" and "estimated cost"?

"Predetermined cost" implies a cost that has been formally set, while "estimated cost" is a forecast based on available information. A "predetermined cost" is more definitive than an estimate.

When is it appropriate to use the term "predetermined cost"?

Use "predetermined cost" when referring to a cost that has been agreed upon or established before a project or activity begins, ensuring all parties are aware of the financial commitment.