The lowest level component of a resource, activity, or cost object. In other words the raw base cost a contractor pays for a material labor or subcontracting before a Markup is applied for Overhead & Profit.

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J. Jerrald Hayes
I am ex-architectural woodworker and general contractor turned IT, Business and Project Management consultant, software developer wannabe senior division triathlete and ski racer, Yankee fan and founder of, 360 Difference, and now too.
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