Definition of Capital project:
A capital project is a long-term, capital-intensive investment project with a purpose to build upon, add to, or improve a capital asset. Capital projects are defined by their large scale and large cost relative to other investments that involve less planning and resources.
Long-term investment project requiring relatively large sums to acquire, develop, improve, and/or maintain a capital asset (such as land, buildings, dykes, roads).
A large-scale project entailing major expenditure.
A capital project is a project in which the cost of the product is capitalized or depreciated. The most common examples of capital projects are infrastructure projects such as railways, roads, and dams. In addition, these projects include assets such as subways, pipelines, refineries, power plants, land, and buildings.
How to use Capital project in a sentence?
- If you are dealing with a capital project you must make sure that it will be worth all of the time and effort.
- A capital project is distinct from other company projects as it is large in scale, high in cost, and requires considerable planning relative to other investments.
- The treasurer report as presented to the fire departments board of directors last Tuesday listed a community hot tub as a necessary capital project for the community. An investigation is pending.
- The capital project was underway and I thought it would be very important for us to finish it as quickly as we could.
- Capital projects often refer to infrastructure, like roads or railways, or in the case of a corporation, the development of a manufacturing plant or office.
- A capital project is an often pricy, long-term project that is meant to expand, maintain or improve upon a significant piece of property owned by the company.
Meaning of Capital project & Capital project Definition