basis for cost

USAGE SUMMARY

The phrase "basis for cost" is correct and usable in written English.
It can be used when discussing the underlying reasons or factors that determine the cost of a product or service. Example: "The basis for cost in this project includes materials, labor, and overhead expenses."

✓ Grammatically correct

Science

News & Media

Formal & Business

Human-verified examples from authoritative sources

Exact Expressions

6 human-written examples

The ad revenue from those marketers will be shared 50/50 on a cpm basis, for cost per thousand views, based on impressions rather than clicks.

The New York Times

For example, if you use the year 2000 as the basis for cost comparisons, you would report that an annualized cost of $20 million would be: $20 million (year 2000 dollars).

Cornell University

A construct familiar to operations managers, the value stream map, is adapted to model material flow of both parts and packages, and an integrated material flow analysis is used as the common basis for cost analysis, a modified life cycle environmental impact analysis, and an energy consumption analysis.

Journal of Cleaner Production

The strongest effect was visible for the alternative assumption concerning package sizes: taking the smallest package available (usually N1) as a basis for cost estimation would lead to an increase in costs of 21.5%.

BMC Health Services Research

Healthcare utilisation will be assessed as a basis for cost estimates for the following healthcare services: outpatient treatment; hospitalisation due to ILD; temporary occupational disability; medication; additional therapies; medical aids and appliances; participation in rehabilitation programmes.

BioMed Research International

(1) Unit cos t ANC or childbirth = f process quality of care, structural quality of care, perceived quality of care, number of staff, catchment population and population staff ratio Reported average time spent per activity by staff in a health center or dispensary was the allocation basis for cost.

BMC Health Services Research

Human-verified similar examples from authoritative sources

Similar Expressions

53 human-written examples

Networks that are badly engineered from a grass-root perspective, prove to be a good basis for cost-effective retrofits.

Applied Thermal Engineering

The results from this work can be used to evaluate and select bridge retrofits, and can form the basis for cost-benefit retrofit studies.

Engineering Structures

This paper reviews recent efforts to provide the scientific and technological basis for cost-effective and highly efficient thin film solar modules based on amorphous (a-Si H) a-Si Hcrocrystandine (μc-Si:H) silicon.

Solar Energy Materials and Solar Cells

Risk quantification allows for comparisons between infrastructure sites/networks and with other natural hazard risks; it provides a basis for cost-benefit analysis of mitigation strategies.

Journal of Applied Volcanology

This understanding supports evidence-based decision making by providing a basis for cost-benefit analyses and thus a starting point for planning and negotiations.

Ecological Processes

Expert writing Tips

Best practice

When discussing project budgets, clearly define the "basis for cost" upfront to avoid misunderstandings and ensure accurate financial planning.

Common error

Don't use "basis for cost" interchangeably with "cost estimate". The "basis for cost" explains why costs are what they are, while a cost estimate is a prediction of future expenses. Using the terms incorrectly can lead to ambiguity in financial discussions.

Linguistic Context

The phrase "basis for cost" functions as a noun phrase, typically acting as a subject complement or object of a preposition. It identifies the underlying factors or reasons that determine the expenses associated with a product, service, or project. As Ludwig shows, it often appears in discussions about financial planning and cost analysis.

Expression frequency: Uncommon

Frequent in

Science

50%

News & Media

25%

Formal & Business

25%

Less common in

Academia

0%

Encyclopedias

0%

Wiki

0%

Ludwig's WRAP-UP

In summary, "basis for cost" is a noun phrase used to describe the underlying reasons or factors that determine the cost of something. Ludwig AI analysis indicates it is grammatically correct and appears most frequently in scientific and business contexts. While not exceedingly common, it provides a necessary function in financial discussions by clarifying the rationale behind expenses. To enhance clarity in your writing, define the "basis for cost" clearly and avoid confusing it with a simple cost estimate. Using related phrases such as "cost foundation" can provide subtle variations in meaning. Ludwig analysis confirms its validity and proper usage in professional communication.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

cost foundation

Emphasizes the foundational aspect of determining expenses.

cost underpinnings

Highlights the fundamental elements that support the cost structure.

cost rationale

Focuses on the reasoning and justification behind the expenses.

cost drivers

Identifies the factors that directly influence and increase expenses.

cost influencers

Highlights the factors that affect the cost.

cost determinants

Focuses on what decides or controls the cost.

expense justification

Explains the reasons why certain expenses are necessary.

pricing rationale

Explains why prices were set at a particular level.

source of expenditure

Highlights where spending comes from.

expense origin

Focuses on where the expense started.

FAQs

How can I use "basis for cost" in a sentence?

You can use "basis for cost" to explain the rationale behind pricing or expenses. For example: "The "basis for cost" in this project includes materials, labor, and overhead expenses."

What's a more formal alternative to "basis for cost"?

Formal alternatives include phrases like "cost foundation" or "cost rationale", which emphasize the underlying reasons for expenses.

What are some common factors that form the "basis for cost"?

Common factors include materials, labor, overhead, market conditions, and regulatory requirements. The specific factors will vary depending on the context.

How does understanding the "basis for cost" help in financial planning?

Understanding the "basis for cost" allows for more accurate budgeting, cost control, and profitability analysis. It provides insights into where resources are being allocated and how to optimize spending.