secondary cost

USAGE SUMMARY

The phrase "secondary cost" is correct and usable in written English.
It can be used in contexts related to finance, economics, or project management to refer to costs that are not the primary or direct costs associated with a project or product. Example: "When calculating the total budget, we must also consider the secondary costs, such as maintenance and training."

✓ Grammatically correct

Science

News & Media

Formal & Business

Human-verified examples from authoritative sources

Exact Expressions

10 human-written examples

This is certainly quite a narrow view on the cost issue we do neglect secondary cost effects (effects on jobs, taxes etc)., and we do neglect the so-called external costs of power production (such as cost of environmental damages).

Energy, Sustainability and Society

There's a secondary cost to the boycotts too.

Los Angeles Times

We also need to measure the potential for violent crime displacement, and include a description of how a return on investment, or ROI, will be completed; provided, however, that the ROI shall include all primary and secondary cost savings considerations and shall indicate how an opportunity cost will be conducted in the event that the intervention does not produce a successful outcome.

Huffington Post

A secondary cost effectiveness analysis will therefore be undertaken with BMI as the effectiveness measure.

BMC Public Health

These could include quality of care, level of available care (primary versus secondary), cost and social barriers.

BMC Pregnancy and Childbirth

Furthermore, avoidance of unnecessary colonoscopy has the added benefit of reducing patient anxiety and potential for iatrogenic morbidity and mortality, with associated secondary cost savings accrued.

British Journal of Cancer

Human-verified similar examples from authoritative sources

Similar Expressions

50 human-written examples

Instead of paying all the associated costs, businesses can parse tasks up into projects and find experts to do them very efficiently – only having to pay for the work completed, not the secondary costs discussed above.

TechCrunch

In the United States, insurers have refused to reimburse surgeons for TDRs for fear of delayed complications, revisions, and unknown secondary costs, leading to a drastic decline in TDR numbers.

The Spine Journal

In terms of consistency of data use, two studies estimated costs from primary data, such as administrative registries and databases [29, 33], three utilised secondary costs [27, 32, 34], and a further four studies used a combination of secondary and primary data for costs, mostly complementing any data missing from primary sources with published information [26, 28, 30, 35].

Health Economics Review

When these secondary costs are considered, the total average cost of a single bridge failure is estimated at $13 million (Briaud et al. 2014 and over 23,000 bridges were classified as critical in 2011 in the United States, representing nearly 5%% of all bridges (Arneson et al. 2012).

Environmental Systems Research

New infrastructure is needed to accomodate the factory, and the windfall from the loosening of environmental regulations to allow the factory to run could cost Wisconsinites extra in secondary costs.

Vice

Expert writing Tips

Best practice

When using the phrase "secondary cost", ensure that the context clearly distinguishes it from primary or direct costs. Provide specific examples to illustrate the nature of these costs within your project or analysis.

Common error

Avoid using "secondary cost" as a synonym for hidden costs. "Secondary cost" are known but less obvious or indirect, while hidden costs are unforeseen and not initially included in the budget. For instance, maintenance and training are "secondary cost", whereas unexpected repair expenses could be considered hidden costs.

Linguistic Context

The phrase "secondary cost" functions as a noun phrase, typically used as a subject or object within a sentence. Ludwig AI confirms that this phrase is correct and usable in written English, referring to costs that are not the primary or direct costs.

Expression frequency: Common

Frequent in

Science

50%

News & Media

30%

Formal & Business

20%

Less common in

Wiki

0%

Encyclopedias

0%

Reference

0%

Ludwig's WRAP-UP

In summary, "secondary cost" is a grammatically sound and frequently employed noun phrase referring to indirect or less obvious expenses linked to a primary activity. Ludwig AI analysis indicates that it's prevalent in scientific, news, and formal business contexts, highlighting the importance of including these costs in thorough financial assessments. Alternatives like "indirect expense" or "associated cost" can be used depending on the specific nuance you wish to convey. Remember to clearly differentiate "secondary cost" from direct and hidden expenses in your analysis.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

Indirect expense

Focuses on the lack of direct association with the primary activity.

Additional expenditure

Highlights the supplementary nature of the cost.

Collateral cost

Emphasizes that the cost is an accompanying result of a decision or action.

Associated cost

Points out a cost that is linked to something else.

Supplementary charge

Highlights an extra charge beyond the main cost.

Incidental expense

Suggests a cost that occurs by chance or without intention.

Hidden cost

Implies a cost that is not immediately obvious or disclosed.

Downstream financial impact

Focuses on the resulting monetary effect.

Consequential expense

Highlights the cost as a result of something.

Peripheral cost

Suggests the cost is not central to the primary activity.

FAQs

What does "secondary cost" refer to?

"Secondary cost" refers to expenses that are not the primary or direct costs of a project or activity, but are still necessary and related to it. These can include things like maintenance, training, or administrative overhead.

What are some alternatives to the phrase "secondary cost"?

You can use alternatives such as "indirect expense", "collateral cost", or "associated cost" depending on the context.

How do "secondary cost" differ from direct costs?

Direct costs are directly attributable to a specific project or activity, such as raw materials or labor. "Secondary cost", on the other hand, are related but not directly tied to the core activity, like administrative overhead or utilities.

Why is it important to consider "secondary cost" in project planning?

Failing to account for "secondary cost" can lead to inaccurate budget projections and potential financial difficulties. Including these costs provides a more realistic and comprehensive view of the total expenses involved.