Cost Of Completion Definition and Legal Meaning

On this page, you'll find the legal definition and meaning of Cost Of Completion, written in plain English, along with examples of how it is used.

What is Cost Of Completion?

When any project or contract is not completed on time the amount required to finish the task is called cost of completion.Example- if a building is not constructed as per the given time and is left incomplete the amount paid to the new builder to complete it is cost of completion.