Útreikningur

útreikningur is a noun in Icelandic that denotes the act of calculating or the result of a calculation, especially a forecast or estimate of costs, quantities, or other measurable factors. It is commonly used in business, budgeting, engineering, and project planning to refer to an itemized estimation of what a project or task will require.

Linguistic notes: It is formed from reikningur meaning calculation or accounting, with the prefix ú- added to form a noun used in professional language. The term is widely recognized in financial and contractual contexts.

Usage: In practice, útreikningur appears in budgets, contracting, and project planning as an estimate that itemizes items, quantities, unit costs, and a total. It may be presented as part of a bid, a project proposal, or an internal financial plan. It often includes the assumptions, scope, and conditions under which the estimate was prepared.

Related terms: Kostnaðarútreikningur (cost estimate) is a common compound used to specify cost-focused calculations. The concept is broadly used across sectors such as construction, procurement, and financial planning to support decision-making and budgeting.