noun
Uncommon
costing
Costing (noun) means the process of working out how much a project, product, or process will cost. Example: “The finance team put together a detailed costing before the project was approved.”
noun
1
The process of working out how much a project, product, or process will cost.
"The finance team put together a detailed costing before the project was approved."
"Before building the extension, we asked a surveyor for a full costing."
"The costing showed that making the product by hand would be too expensive."
How to use costing
Learner’s notesIn plain EnglishEstimating or calculating expenses in advance.
Common pairings
a costing exercise
project costing
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Word forms
- Plural
- costings
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The finance team put together a detailed _____ before the project was approved.
Synonyms
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estimating
pricing out
cost estimation
Rhymes for costing
See all rhymes for costing →Frequently asked questions
What does “costing” mean?
The word “costing” means the process of working out how much a project, product, or process will cost. In plain terms, estimating or calculating expenses in advance.
How do you use “costing” in a sentence?
Here is “costing” used in a sentence: “The finance team put together a detailed costing before the project was approved.”
What part of speech is “costing”?
“Costing” is a noun.
Is “costing” a common word?
“Costing” is an uncommon word in modern English.
What is the difference between costing and pricing?
Costing is the process of working out how much a project, product, or process will cost to produce, while pricing is the separate decision of what to charge customers for it. A business uses costing figures to help inform its pricing strategy.
What is costing used for in business?
In business, costing is used to estimate expenses for materials, labour, and overheads before or during a project, helping companies budget accurately and set realistic prices.
Is costing the same as budgeting?
Costing and budgeting are related but distinct: costing works out how much something will cost to produce, while budgeting plans how available funds will be allocated across various needs, which may include costing estimates.
