explicit cost

(redirected from Outlay Costs)

Explicit Cost

A direct expense that a business incurs in conducting an activity. Examples of explicit costs include salaries, wages, materials, etc. An explicit cost can be recurring, or it can be a one-off expense. Likewise, it can be predictable, like the rent, or it can vary from time to time, like the electric bill. Less commonly, an explicit cost is called an outlay cost. See also: Implicit cost.

explicit cost

a payment made by a firm for the use of FACTOR INPUTS (labour, capital) not owned by the firm. Unlike IMPLICIT COSTS (which represent payments for the use of factor inputs owned by the firm itself), explicit costs involve the firm in purchasing inputs from outside FACTOR MARKETS.
References in periodicals archive ?
An MSP (Managed Services Provider) provides custom services and solutions, wherein costs are spread across the contract term with the provider in turn minimizing initial outlay costs significantly.
Through its relationship with the Regional Additive Manufacturing Partnership of Maryland, ECBC can make these capabilities available to Maryland industry, generating business for the center and avoiding huge equipment outlay costs for Maryland companies.
* IRBP informed the FDA that due to significant manufacturing outlay costs of strategic partners the Remune HIV/AIDS vaccine will likely exceed north of $30k per injection for adults in combination use of HAART drugs.
Wordsworth said: "Flexibility of tenure together with minimal outlay costs for fitting out the office are a good proposition for new business start-ups or companies with a limited history of trading.
"Buying products based on television technology may save your initial outlay costs, but total-Life costs are going to be much higher.
(10) This relevant information will likely include items such as opportunity costs and outlay costs. Consistent with these expectations, analysts performing a financial analysis task demonstrated a highly structured search for information.
The measure would force fee cutbacks through such means as the reevaluation of NTT's expected service life of the fiber-optic network and the capital outlay costs NTT incurred in creating the optical network.
By single-sourcing their solution for development and maintenance project and portfolio management, facilities professionals can save on both the initial outlay costs for hardware, network, storage, and peripherals, as well as the dollars associated with operations and upgrades.
Ms Slocock said the EOC was lobbying Government to provide greater support for flexible working, such as grants to small business to cover outlay costs.
This is expected to reduce the carrier's outlay costs for aircraft by around USD2.5bn during the two years.
Flexibility of tenure, together with minimal outlay costs for fitting out the office, make this a good proposition for new business start ups or companies with a limited history of trading.