Rectification costs financial definition of rectification costs
rectification costs the cost of additional work which has to be performed in order to bring defective or damaged components or products up to standard. See QUALITY CONTROL.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson
References in periodicals archive
for design defects and protective indemnity for sub-consultant design professionals' negligence also are available in the coverage.
They notch up higher rectification costs
-an average pounds 125 for women against pounds 516 for men -and injure themselves more than women (10 per cent against women's one per cent).
"These rectification costs
charged by the manufacturers have risen," he said.