Whole Life Costing is "the systematic consideration of all relevant costs and revenues associated with the acquisition and ownership of an asset" (CRISP).
Whole Life and Life Cycle cost analyses are critical to any financial option appraisal. We recognise that Whole Life costs are about understanding the balance between capital costs and costs in use; given that costs in use can represent 500% of capital construction costs when calculated over the life of a building, it is clearly fundamental to recognise this relationship when considering total costs over the same period.
We have the techniques, data and expertise to assist clients in these studies, enabling us to closely interrogate Whole Life / Life Cycle issues during assessment of design options.
In addition, we have developed bespoke systems for several clients, to enable them to assess and monitor Life Cycle costs on an ongoing basis.