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See: Interest During Construction

Intangible Drilling Costs

Expenses a company has when it drills for oil or natural gas. Intangible drilling costs are sometimes convenient for a company's tax purposes because it can deduct intangible drilling costs in one year when the company perhaps found little or no oil from profits made in a different year when the company does find oil.

Interest During Construction

In project finance, the interest that accumulates on a loan that finances the construction of a building or development. The IDC is a cost for the project, though it is not always calculated as such. The IDC is calculated until the project begins to generate revenue, when the company financing the project begins to service its debts.
References in periodicals archive ?
A complete Web-to-host product must incorporate critical feature sets such as security, scale, and user interface in one product offering," said Lucinda Borovick, Program Manager for International Data Corporation (IDC).
He serves on the boards of IDG, International Data Corporation, Massachusetts Institute of Technology, and MIT's MediaLabEurope.
Data for the selection criteria was collected from International Data Corporation (IDC), Pyramid Research and the Yankee Group.

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