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 Paradigm-360.com, 360 Difference Mac4Construction.com,iOS4Construction.com and now TheBuildingAndRemodelingWiki.com too.
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