The Total Investment Cost (TIC) consists of the capital cost (EPC cost), working capital, and owner’s costs includes land, financial cost, and operational costs, etc. A TIC is a comprehensive measure that includes all the costs associated with a project from initiation to completion. It goes beyond just the initial capital expenditures and takes into account various expenses incurred throughout the project lifecycle. A TIC can vary depending on the industry, the complexity of the project, and other factors. Accurate estimation and management of TIC are crucial for the success of a project, as it helps in budgeting, securing financing, and ensuring that the project remains financially viable.
Related Definitions in the Project: The Project Management; Project Cost; Economic Reviews
