First recorded in 1175–1225; (noun) Middle English, Unabridged Find another word for cost. Based on the Random House Unabridged Dictionary, © Random House, Inc. 2020, Collins English Dictionary - Complete & Unabridged 2012 Digital Edition Stuck on math homework? Our physical offices are closed, but our advisers remain at your disposal to help you plan H2Y 3X7, 514-496-4636 | 888-576-4444 Get this right and many customers will be willing to pay the price required, even if it is more than your competitors will charge. See more. Explain where and why you have included this in your bid. Test Your Knowledge - and learn some interesting things along the way. What Is The Difference Between “It’s” And “Its”? “Democrat” vs. “Republican”: Where Did The Parties Get Their Names? Although value for money can be an important component of many tenders, the way you price your bid can also make the difference between winning or losing business. This holds true even if you have to carry out much more work than you expected. Synonyms of cost How many Word of the Day terms do you remember from the week of November 2–8, 2020? The cost of building a new annex was estimated at $10,000. Download Share. power or ability to act or to influence people, events, decisions, etc. But Uber's surges are not price gouging, as some have erroneously claimed. Despite our best efforts it is possible that some information may be out of date. Copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Their orders were to capture the town at any price. Your manager would have just done this himself. In your tender document, your overall price should be set out in both words and figures. “Affect” vs. “Effect”: Use The Correct Word Every Time. (Entry 2 of 2). Published by Houghton Mifflin Harcourt Publishing Company. Value synonyms. Why Do “Left” And “Right” Mean Liberal And Conservative? Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free! While the price gains in currencies like COMP have been driven by traders looking for arbitrage opportunities, Sullivan notes that such activity helped mainstream cryptocurrencies like Bitcoin gain a foothold years ago. “Epidemic” vs. “Pandemic” vs. “Endemic”: What Do These Terms Mean? If you provide goods or services to other businesses or the public sector, you may have to compete for contracts by submitting a tender. the work you're quoting for has clear requirements - in terms of time, labour, materials, etc. When you prepare an estimate it's good practice to give the customer a written copy, including a full breakdown of costs. Other businesses, such as painters and decorators, have to provide tailored prices for the specific products or services a customer wants to buy. It can also be useful to include a clause at the end of the price list stating that prices are subject to change. The list of new prices included all the items where the price did not change, and if it was in the exact same order as your list, so you could copy and paste huge ranges of prices. What made you want to look up cost? In any of these cases, the price of indifference would be catastrophic. If you are the only quality provider of something a client really needs, it may be more valuable than you think. You should also state how long your prices will be valid for. Pricing a tender for the first time can be difficult as you will have no benchmark or idea of what competitors might bid. Most businesses will need to draw up a price list at some stage. What is the price of that coat? Here Be Dragons: A Creature Identification Quiz. Price increases - related words and phrases | Cambridge SMART Vocabulary, The difference between a quotation and an estimate, breakdown, listing the components of the price, schedule, detailing when work will be done or products delivered. In addition to the idioms beginning with price. the raising or rising of a body in air by supernatural means. This will help to avoid any disputes about what work is included in your overall price. the sum in money or goods for which anything is or may be bought or sold, a sum of money offered or given as a reward for a capture or killing, what someone deserves, esp a fitting punishment. For more advice on how to price contracts, read the page in this guide on how to win contracts at the right price. It should be clear which currency you are dealing in and whether your price includes GST/QST. We cannot guarantee that the information applies to the individual circumstances of your business. This is usually done with an estimate or a quotation. When it's not possible to work from a standard price list, you have to give a quotation or an estimate instead. a payment made in the course of achieving a result, the amount of money that is demanded as payment for something, the loss or penalty involved in achieving a goal. Suite W204 (mezzanine level) This includes their initial purchase cost, along with other factors such as maintenance costs, downtime costs (if there's a breakdown) and the cost of consumables and disposal. Before you price a tender, check the instructions in your client's bid specification. “Corporal,” “General,” “Sergeant,” “Private”: What’s The Order Of The Military Ranks? This type of standard price list can also be used as the basis for pricing your non-standard orders. Even if a detailed breakdown isn't asked for, it's in your interest to provide one. This will prevent your customer from being surprised by the costs. There are several ways you can do this. These will usually detail how the costs should be displayed so that bids are easier to compare. When you start to work or supply, you should keep good records of any cost over-runs, along with how and why they occur. Computer software can be used to help you determine the costs involved in any work for which you're drawing up a quotation. Adapted for Québec by Info entrepreneurs. the sum or amount of money or its equivalent for which anything is bought, sold, or offered for sale.

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