Potential Actions - Whole Life Value 

Whole Life Value Assessment

Whole life cost is a powerful method of evaluating investment options, based on considering all the relevant costs of ownership over a defined time span – not just capital costs but also site adaptation and refurbishment, design fees and on costs. It includes cost in use (maintenance, cleaning, security, energy and insurances, rent/rates and other specific business occupancy facilities management services), as well as taking into account associated finance and income, taxation and residual value/disposal costs.  A key part of the whole life cost assessment also addresses environmental and sustainability aspects.

Whole life cost concepts can be taken further still, to embrace ‘whole live value’. This involves making decisions based on broader criteria whilst also taking account of the needs of a wider range of stakeholders instead of just those typically involved in the immediate decision making process. These assessments represent the optimum method for determining true ‘best value’ solutions.