Capital Project - Explained
What is a Capital Project?
Written by J. Mance Gordon
Updated at April 21st, 2024
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What is a Capital Project?
A capital project is a project embarked upon in order to improve, replace, or maintain a capital asset. Capital assets include land, roads, buildings, rails, and others. Common examples of capital projects are new constructions, expansion of a facility, renovation of a building, replacement of heavyweight machines and equipment, among others.