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running costs vs current costs

Both 'running costs' and 'current costs' are correct, but they are used in different contexts. 'Running costs' refer to the regular expenses incurred in the operation of something, like a business or a vehicle. On the other hand, 'current costs' may refer to the costs that are applicable or relevant at the present time.

Last updated: March 24, 2024

running costs

This phrase is correct and commonly used in English to refer to the regular expenses incurred in the operation of something.

This phrase is used to describe the ongoing expenses associated with the operation of a business, vehicle, or any other entity.

Examples:

  • We need to carefully monitor our running costs to ensure profitability.
  • The running costs of maintaining a car can be quite high.
  • The running costs of the factory have increased this year.
  • This aid is intended to reduce the running costs of fisheries undertakings.
  • In particular the administration of running costs (e.g. for electricity, water, communication lines etc.) shall be facilitated.
  • The Community and EFPIA shall contribute in equal part to such running costs.
  • No Community financial contribution shall be used to cover the running costs of EURAMET e.V...
  • Contribution to the running costs of key EU networks
  • Support to running costs of key EU networks
  • Support to running costs of key national and EU networks
  • This appropriation is intended to cover the running costs of the external offices.
  • This appropriation is intended to cover the running costs of the travel agency under contract to Parliament.
  • At the same time, official running costs (personnel and property) are increasing noticeably.
  • other running costs not specially provided for in the preceding items.
  • As the running costs are included in the calculation of the matching contribution, they have to be justified by EURAMET e. V.
  • Justification for the running costs whose cost exceeds the ceiling fixed under Article 44(5) of Regulation (EC) No 1198/2006.
  • Support for the running costs of the Platform of European Social Non-governmental Organisations
  • This appropriation is intended to cover the running costs of the Platform of European Social Non-governmental Organisations (NGOs).
  • Expenditure to cover the running costs of the JTI. within reference amount
  • The consultancy services provided by external consultants should not be permanent or regular nor be linked to the firm's normal running costs, such as advertising.
  • Also incompatible is aid to enterprises of whatever size for consultancy services that constitute a permanent or regular activity and aid related to an enterprise's normal running costs, such as advertising.
  • This appropriation is intended to cover the running costs of the travel agency under contract to the European Parliament.
  • The Commission is also the main paymaster for the running costs of the Afghan police - over EUR 200 million to date since 2002.

Alternatives:

  • operating costs
  • maintenance costs
  • overhead costs
  • day-to-day expenses
  • cost of operations

current costs

This phrase is correct and can be used to refer to costs that are applicable or relevant at the present time.

This phrase is used to describe the costs that are relevant or applicable at the current moment.

Examples:

  • We need to consider the current costs before making a decision.
  • The current costs of production are higher than expected.
  • Please provide an estimate of the current costs for the project.
  • In a competitive environment, operators would compete on the basis of current costs and would not be compensated for costs which have been incurred through inefficiencies.
  • it contributes to the current costs of the unit itself, i. e. does not generate gross fixed capital formation.
  • The price of the liquid benzoic acid under the supply agreement would be determined on the basis of current costs and a pricing formula index.
  • In particular, AETMD made a calculation based on available sources on the basis of which it concluded that the total costs would increase due to increased depreciation by some 10 % as compared to the current costs.
  • And here's the good news... we believe that our unique design will allow you to generate algae biodiesel at approximately one half your current costs.
  • In terms of method, that would no easy matter, because all the existing approaches focus purely on the inclusion of current costs and not on the achievement of environmental goals.
  • In principle a forward-looking approach based on current costs(15) will foster fair and sustainable competition and provide alternative investment incentives;
  • Cost of sales and depreciation are recorded at current costs at the time of consumption; sales and other expenses are recorded at their money amounts when they occurred.
  • The BU LRIC + methodology calculates the current costs on a forward-looking basis (i.e. based on up-to-date technologies, expected demand, etc.) that an efficient network operator would incur to build a modern network today, one able to provide all required services.
  • Valuation of the assets of such an NGA network at current costs best reflects the underlying competitive process and, in particular, the replicability of the assets.
  • We need to be able to cut the current costs of bureaucracy and action, although I am disappointed to say that the report by the Committee on the Environment, Public Health and Food Safety fails to do that.
  • If the pursuit of these goals were factored in, it would create a prescriptive element - a normative dimension, as it were - whereas the debate has so far been confined to current costs.
  • The implementation of a bottom-up model is consistent with the concept of developing a network for an efficient operator whereby an economic/engineering model of an efficient network is constructed using current costs.
  • Therefore, it is operating aid which covers current costs that Kronoply itself must normally bear.
  • The indexation method would be applied to calculate current costs for the RAB corresponding to the reusable legacy civil engineering assets.
  • Finally, the increase in the lump sums to EUR 50000 is important, because it mirrors current costs.
  • Therefore, since no operator would today build a pure copper network, the BU LRIC + methodology calculates the current costs of deploying a modern efficient NGA network.
  • - Trasker will provide the expertise necessary - to cut your current costs by one-third.
  • The results of the statistics by type of costs are to be broken down into «current costs (labour costs and other costs)» and «capital expenditure».
  • description and explanation of the method adopted for calculating depreciation costs: historic costs or current costs;

Alternatives:

  • present costs
  • immediate costs
  • up-to-date costs
  • contemporary costs
  • ongoing costs

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