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.
The above processes need to be completed for each available option, varying performance levels if appropriate, to find the one with the lowest whole-life cost. The constraints arising from funding sources, minimum service requirements and legal obligations must be recognised, while the uncertainties and risks inherent in the above assessment need to be analysed.
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 42.61% easily out-performs the Nissan Qashqai Acenta 1.5 dCi 2WD.
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.
In fact, the A4 is likely to hold its value well -- and nothing has a greater bearing on whole-life costs than that.
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.
The increase in residual value has had a positive contribution on the XTrail's whole-life costs with the new version now 10% less to run compared with the outgoing model, at just 99 pence per mile.