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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 ?
The same is true for power, which is why almost all facilities, from a telecom hotel to data center, boast a back-up power supply.
Two-thirds of down time is caused by human error, which means when you are working with a telecom hotel that has electrical distribution into the buildings, if entry for power is lost, it is usually due to human error," explained McNary.
Considering that a typical telecom hotel uses enough power to light 2,800 homes (the typical office space consumes power for about 120 homes), the building staff would lean heavily on the expertise of engineers and technicians, said McNary.
When customers are considering leasing in a telecom hotel or data center, Germanotta recommends scrutinizing security, power, telecommunications access, and the experience of the management in terms of maintaining mission-critical environments.
5 million to 2 million square feet of telecom hotel deals with the demand clearly outstripping the supply.
A retail guy wants a good corner, the distribution guy wants to be near rail or off the freeway, but telecom hotel people talk about redundancy because they want to have lots of power and more than one fiberoptic provider.
Although referred to by different names depending on the usage, these technology-rich buildings are often known as telecom hotels, switching centers, data centers or co-location facilities.
And since the buildings are, in effect, a different real estate beast than an office or industrial complex, telecom hotels and their ilk require a different approach to property management.
Chalme also said that telecom hotels can be very costly to outfit, which helps explain Carlyle's $70 million investment.
Newmark's diverse properties range from downtown skyscrapers to suburban warehouses to telecom hotels.
The NetPOPs are housed in two of the premier telecom hotels in the country, which are known for the amount of international voice and data traffic sent and received through their locations.
As a result, the new-economy high-tech communications sites, also known as data centers, telecom hotels, and carrier facilities, have become a prominent and influential component of the commercial real estate industry.

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