cost-recovery estimate
noun phraseUK /ˈkɒst rɪˌkʌvəri ˈestɪmət/
US /ˈkɔst rɪˌkʌvəri ˈestəmət/
A guess about how much money you will get back for what you spent.
The team made a cost-recovery estimate before buying the new computers.
RELATED WORDS
OTHER MEANINGS
2. A calculation of how much of a project's cost will be paid back by its income.
The cost-recovery estimate showed the new road would pay for itself in ten years.
3. An official figure used to set prices so that costs are covered.
The city used a cost-recovery estimate to decide the fee for park permits.
4. A rough plan for getting back money that was lost or spent.
After the storm, the family made a cost-recovery estimate for repairing the roof.