installation cost definition
INSTALLATION COSTS The costs of materials, labor, and affiliated costs must be included there are several methods to estimate these costs: Factor Method The equipment cost is multiplied by a factor F m based on historical data that estimates the total cost. Installation costs-The costs associated with installing the equipment and getting it running. â¢ Labor â¢ Materials (siting, footing, electrical, housing, etc.) ï Overhead-The cost of ordering and paying the bill.