Whole-life cost, or Life-cycle cost (LCC), refers to the total cost of ownership over the life of an asset.
Also commonly referred to as “cradle to grave” or “womb to tomb” costs. Costs considered include the financial cost which is relatively simple to calculate and also the environmental and social costs which are more difficult to quantify and assign numerical values. Typical areas of expenditure which are included in calculating the whole-life cost include, planning, design, construction and acquisition, operations, maintenance, renewal and rehabilitation, depreciation and cost of finance and replacement or disposal.
Our energy efficiency solutions take a ‘total cost of ownership’ approach with a ‘Whole of Life’ view; which considers design, cost, performance, installation, efficiency, maintenance, recyclability, upgradability, functionality and aesthetic.