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Whole Life Costs
CRISP* define whole life costing as “The systematic consideration of all relevant costs and revenues associated with the acquisition and ownership of an asset”, with “all relevant costs” covering all quantifiable costs directly attributed to the acquisition and use of the asset under review during its life.
Principally, whole life costing can be characterised as a systematic approach of balancing capital costs with revenue costs to achieve an optimum solution over a building’s whole life.
This technique, whilst not in itself new, has over recent years become best practice in construction procurement, driven by:
- Private Finance Initiative (PFI) and Public Private Partnership (PPP) contracting
- Acceptance that the lowest installed capital cost can lead to higher costs of servicing, maintenance and repairs, resulting in the actual cost of ownership increasing
- Sustainability targets
- Current and future environmental legislation
- HM Treasury Guidance
To find out more about the Whole Life Cost of Sarnafil roofing systems please click here, or alternatively contact your Local Sarnafil Technical Adviser.
* Construction Research and Innovation Strategy Panel
© 2006 Sarnafil Ltd. Legal Disclaimer
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