Whole life costing

This focuses on the financial profile of a building and its market cost. It covers some of the same ground as life-cycle costing but excludes the production process. The important point is that it marks a move from pure capital costing to integrating capital and revenue costs into an overall whole life cost. This is a paradigm shift of considerable significance and may well operate in favour of much more environmentally advanced buildings by acknowledging that additional capital expenditure may be heavily outweighed by revenue gains as the price of energy continues to rise. Whole life costing information may be found on www.wlcf.org.uk.

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