committed cost

Committed Costs:These costs are similar to sunk costs in that they exist as a result of previous decisions although the ‘charge’ has yet to be incurred or the cash released. Examples are like renovation of factory premises, capital expenditures being incurred as company’s purchase orders have been issued or workdone is partially completely and payment to suppliers still outstanding source: http://basiccollegeaccounting.com/decision-making-sunk-costs/