Whole-Life Cost


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Whole-Life Cost

The total amount a company spends on an asset over its entire usable life. Examples of whole-life costs include planning, research, purchase price, and maintenance. Companies estimate the whole-life cost prior to purchasing a new asset to determine whether or not it will be cost effective. It is also called the life cycle cost.
References in periodicals archive ?
With more and more people seeing the benefits of whole-life cost analysis, its popularity in construction is increasing.
Aligning their objectives right at the start of the project will allow structural, contractual and funding decisions to be aligned to the principles of whole-life cost reduction.
Depreciation is the greatest single whole-life cost of owning a car and it can sometimes be fuelled by massive discounts off the new price.
Lucent offers the education sector an innovative whole-life cost financial model, that ensures ongoing support costs are predictable, while maintaining the highest levels of service assurance.
The service will also include the provision of building construction and whole-life cost advice to support the development of Business Cases.
The new implementation will lower the whole-life cost of ownership by moving from a highly customized environment to a more flexible commercial-off-the-shelf (COTS) based solution.
By choosing a centralized approach, rather than conventional disparate repositories, New Wireless Dimension benefit from reduced whole-life cost of between 5 and 10 times and service delivery from 12 months to less than two.
With a surfaced displacement of 700 tonnes, the BMT VidarA-7 Small Modern SSK concept has been developed to deliver sovereign capability at an affordable whole-life cost.
MINI claims that the Countryman Cooper D with CO emissions of 115g/km, BIK rating of 13%, predicted residual value of 41% and whole-life cost of 42.
It was founded by Balfour Beatty whole-life cost director Ed Bartlett and ex-4Projects head of technology Nick Graham.
AS DEPRECIATION is the greatest single whole-life cost in running any car, Nissan is boasting that the residual values of its new Juke crossover model are among the best in the industry.
And what is the quality of the learning environment - because we cannot lose sight of what the specifi-cation has to support: educational outcomes The fifth factor, sustainability, cuts across all of the guiding principles - especially the concept of whole-life costs.