Glossary

Cost to complete

Cost to complete is the estimated remaining spend needed to finish the work. It is a forecast, updated as actuals and commitments change.

Worked example

A hypothetical office tower has spent $9,000,000 and still needs an estimated $3,400,000 of labor and materials. Cost to complete is $3,400,000.

Related terms

• Estimate at completion
• Committed cost
• Cost variance

Keep reading: Portfolio risk calculator.