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Cost note

Definition

Additional information about the cost of a procedure.

How to record

Use normal grammar and punctuation. Include any non-local currency amount as well as details of the basis for the assigning of a particular cost.

Examples

[Conservation] Cost note – The conservator estimates that the restoration will cost £450 due to high price of materials involved.

Use

Use in association with Information group headings to record the cost of a procedure, eg [Conservation] Cost. Record once only for a procedure carried out as required. Do not use for costs incurred in the transfer of title of objects.

Information group

Common procedural units

Date created: 2017

Author: Collections Trust

Publisher: Collections Trust