Construction cost

Construction cost of a capital improvement means the total of the incurred eligible direct and indirect costs necessary for constructing or installing the capital improvement that are capitalized by the concessioner in accordance with Generally Accepted Accounting Principals (GAAP). The term construct or construction as used in this part also means install or installation of fixtures where applicable.

Source

36 CFR § 51.51

---

Scoping language

To understand leasehold surrender interest, you must refer to these definitions, applicable in the singular or the plural, whenever these terms are used in this part:

---

Is this correct? or