capital project

Definitions

Accounting

  • noun a large-scale and complex project, often involving construction or engineering work, in which an organisation spends part of its financial resources on creating capacity for production

Construction

  • A project in which the cost of the end result or productis capitalized (i.e., cost will be depreciated). The product is usually a physical asset such as property, real estate, or infrastructure, but may include other assets that are depreciable.
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