Whole Life Costing

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Whole life costing has evolved from an academic concept to a vital business tool in procurement and construction, especially with the rise of PPP and PFI projects. These initiatives often involve substantial financial investments and carry significant political or social implications, making the longevity of materials critical. A key aspect of these procurement methods is the inclusion of the entire project lifecycle in bids, where companies are responsible not only for construction but also for ongoing operation and maintenance. As sustainability gains prominence, the demand for a whole life costing approach has intensified, influenced by government requirements. Understanding how specifications impact a building's future and its environmental effects is central to sustainability. Whole life costing addresses this by analyzing material performance and necessary end-of-life considerations. This book explores the practical aspects of material selection and performance, emphasizing a straightforward understanding rather than a rigid framework. It aims to equip readers with the insights needed to make informed decisions about whole life costing in their future projects, ensuring they grasp the complexities involved without being overwhelmed by technical jargon.