Shovel Ready

DEFINITION of 'Shovel Ready'

A phrase describing the status of a project that is considered to be in the advanced stages of development. Shovel-ready implies that the project can be begun by laborers and is past the planning stages.

BREAKING DOWN 'Shovel Ready'

The phrase "shovel ready" is used when referring to projects that, if given stimulus money, will have the most immediate impact on employment and the economy. While stimulus spending on shovel-ready projects is designed to help the economy, it is possible that misguided projects will be undertaken simply for the sake of spending, and that government funds could be better used elsewhere.

RELATED TERMS
  1. Shovel-Ready

    A term widely used by President Barack Obama to describe a construction ...
  2. Project Finance

    Defined by the International Project Finance Association (IPFA) ...
  3. Capital Project

    A long-term investment made in order to build upon, add or improve ...
  4. Project Management

    The planning and organization of an organization's resources ...
  5. Capital Rationing

    The act of placing restrictions on the amount of new investments ...
  6. Project Notes

    A short-term debt obligation issued to finance a project or endeavor ...
Related Articles
  1. Professionals

    Project Manager: Career Path & Qualifications

    Learn more about what project managers job, the qualifications necessary for the position and the most common careers for these professionals.
  2. Professionals

    5 Overused Resume Phrases

    Here are five phrases to avoid if you want your resume to stand out in the crowd.
  3. Professionals

    Common Interview Questions for Project Managers

    Discover the basic skills needed for a position as a project manager along with common interview questions used in applying for such a position.
  4. Fundamental Analysis

    Trading With Stage Analysis (NRG, NKE)

    Stage analysis offers market participants a powerful tool to identify current market conditions and make rapid adjustments to strategies.
  5. Stock Analysis

    Chevron: Upstream Project Review

    Chevron is trying to increase its production growth through the development of its large inventory of upstream oil and gas projects.
  6. Professionals

    10 Ways to Improve Cash Flow in Construction

    Improving cash flow in construction requires some sector-specific strategies.
  7. Fundamental Analysis

    Sector Rotation: The Essentials

    We look at how the market signals impending economic cycles and sector performance during each stage.
  8. Investing Basics

    Capital Budgeting: Evaluating The Desirability Of An Investment

    In sum, the capital budgeting process is the tool by which a company administers its investment opportunities in additional fixed assets by evaluating the cash inflows and outflows of such opportunities. ...
  9. Investing News

    The 2016 Infrastructure Report: 4 Ongoing Global Projects

    Discover several of the most costly infrastructure projects under construction around the world in 2016, and learn more about their intended benefits.
  10. Home & Auto

    Will Your Home Remodel Pay Off?

    Some renovations will mean a bigger sale price on your home, while others will just cost you.
RELATED FAQS
  1. How do companies calculate the estimated duration of a new project?

    Learn about some of the common methods used by companies to estimate the duration of a new project, including those with ... Read Answer >>
  2. How much debt is too much when calculating capital budgeting?

    Learn how companies determine how much debt is acceptable when funding a new project by using the net present value to estimate ... Read Answer >>
  3. How can data assist operations management in increasing efficiency?

    Learn how pork barrel spending provides economic benefits locally but usually results in negative economic consequences on ... Read Answer >>
  4. When do I need to project run rates for my business?

    Learn some of the reasons why businesses project run rates; discover why companies rely on such a simple metric and how it ... Read Answer >>
  5. How do you use discounted cash flow to calculate a capital budget?

    Learn how discounted cash flows are used in creating capital budgets as a part of the net present value and internal rate ... Read Answer >>
  6. Which is a better measure for capital budgeting, IRR or NPV?

    In capital budgeting, there are a number of different approaches that can be used to evaluate any given project, and each ... Read Answer >>
Hot Definitions
  1. Goldilocks Economy

    An economy that is not so hot that it causes inflation, and not so cold that it causes a recession. This term is used to ...
  2. White Squire

    Very similar to a "white knight", but instead of purchasing a majority interest, the squire purchases a lesser interest in ...
  3. MACD Technical Indicator

    Moving Average Convergence Divergence (or MACD) is a trend-following momentum indicator that shows the relationship between ...
  4. Over-The-Counter - OTC

    Over-The-Counter (or OTC) is a security traded in some context other than on a formal exchange such as the NYSE, TSX, AMEX, ...
  5. Quarter - Q1, Q2, Q3, Q4

    A three-month period on a financial calendar that acts as a basis for the reporting of earnings and the paying of dividends.
  6. Weighted Average Cost Of Capital - WACC

    Weighted average cost of capital (WACC) is a calculation of a firm's cost of capital in which each category of capital is ...
Trading Center