CI or CIP stands for Capital improvement or Capital Improvement Process. Capital projects are major repairs, replacements and upgrades, which require larger - and not always planned-for - outlays of time, effort and expense. Most of the projects are over 5000. Capital expenditures can include the purchase of new or updated equipment, updating of electrical, OSHA and safety requirements, etc.

CI or CIP stands for Capital improvement or Capital Improvement Process. This is a project the company is investing in and generally its over 5000. All costs and expenses are reported on the spreadsheet until the asset is put into service. Provide the definition in your own words and an example.