Uncosted

The adjective 'uncosted' describes something for which the associated costs have not been determined or calculated. This may refer to products, services, projects, or any undertaking where the financial implications are not yet fully assessed. An uncosted item lacks a price or a budget; its economic impact is unknown or disregarded. It implies a lack of financial planning or cost analysis, highlighting a potential risk of overspending or misallocation of resources. Determining the cost is a crucial step for any project or business venture, as it allows for informed decision-making, pricing strategies, and profitability assessments. Therefore, something described as 'uncosted' signals a gap in the financial planning process.

Uncosted meaning with examples

• The proposal remained uncosted for weeks, delaying the project's launch. Management needed to approve the estimated budget before any action could be taken. This lack of financial data hindered the decision-making. The team couldn't properly assess profitability of the new product until costs were analyzed.
• The initial design phase for the new building was completed but uncosted. The architect created several initial plans, but pricing for the materials and labor had not yet been investigated. This left the organization in a vulnerable financial position without price estimations. This made obtaining approval from investors difficult.
• The company’s expansion plan was uncosted, leading to concerns about financial stability. Without a clear budget and cost analysis, the proposed changes appeared risky. The lack of projected expenses raised concerns regarding the project's feasibility. The board delayed their decision pending cost estimations and analysis.
• Despite multiple requests, the marketing campaign's promotional materials remained uncosted. The marketing department had many suggestions on how to proceed. They were unable to move forward without knowing the financial obligations associated with these materials. A detailed price analysis was required before any materials could be distributed.