Whole Life Value

The whole-life value of a development takes into account many things including the costs of acquiring it (including consultancy, design and construction costs, and equipment), the costs of operating it and the costs of maintaining it over its whole life through to its eventual disposal – that is, the total ownership costs. Decisions about how we choose to construct a building can have cost implications over the total period of the buildings life, including its operation and maintenance.

Whole Life Value means thinking about all of the costs of a building over its lifetime at the very earliest stage of development and making decisions to maximise the value for money of the building whilst minimising its cost: value for money is defined as the optimum combination of whole life costs and quality to meet the client’s requirements - it is not the same as initial purchase price. For the purpose of the Policy the North West Regional Development Agency are concerned with the objectives of achieving value for money from projects.

For further details of this policy objective please visit the NWDA website where designated pages will provide you with links to the NWDA Sustainable Buildings Policy, supporting Guidance Note and Checklist http://www.nwda.co.uk/sustainablebuildings

Factsheet 

In addition to the above key documents and tools please note a specific factsheet will be available on this subject from 26th November 2009.  

Case Studies

If you have a development that you would like to be considered as a NWDA Sustainable Buildings case study in terms of ‘Whole Life Value’, please contact Emma Kyng emma.kyng@ccinw.com 0161 295 5076.  

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