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.
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reduce the construction and whole-life costs of built assets
This time the strategy focuses on the fundamental issues that are holding back the industry from being more productive, such as; leadership, procurement practices, client capability, BIM, collaborative working, skills and whole-life costs. The strategy states that, by implementing the action plan to achieve the strategic priorities "increased productivity will facilitate forecast efficiency savings of PS1.7bn over the course of this Parliament".
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.
In a comparison of whole-life costs, based on ownership for three years and 60,000 miles, the 320d achieved lower costs than all other models surveyed by Glass's Market Intelligence Service.
This refers to the amount of money you get back when you sell on the second-hand market, and is the greatest single factor determining whole-life costs.
As an industry, we are more concerned about the up-front costs of construction rather than looking at the benefits associated with reduced on-site programmes and whole-life costs and quality.
Buyers now recognise that whole-life costs rather than the initial purchase price govern the actual pence-per-mile price of running a car, which is where premium brands such as BMW score.
"Mazda's reputation for advanced engineering and excellent Japanese build quality is the foundation for customer satisfaction in the UK, while extended service intervals of up to 12,000 miles and reduced whole-life costs have ensured we continue to satisfy our customers and maintain our excellent reputation for reliability."
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.
This increase in residual values has made a positive contribution to the X-Trail's whole-life costs, with the new version 10% less to run on a pence-per-mile basis when compared with the outgoing model.
I believe that the move to mandate the use of BIM is to be welcomed and will help the industry make the necessary step changes to meet the UK's carbon reduction targets, as well as help to reduce both the capital and whole-life costs of delivering public sector construction through collaborative working.