What does PPCC stand for in project costing?

The correct answer is "Probable Project Construction Cost" because this term refers specifically to the estimated cost that could be expected for completing a construction project. It encompasses a variety of factors including materials, labor, overhead, and other related expenses involved in the construction process. This concept is vital in construction management and project costing because it provides stakeholders with a realistic expectation of financial requirements, allowing for better budget management and resource allocation.

The term “Probable” highlights that this is an estimation based on current knowledge, project scope, and market conditions, rather than a fixed or guaranteed figure. This estimation assists project managers in making informed decisions and preparing for potential financial needs throughout the project lifecycle.