Life-Cycle Costing (known in the UK as Whole Life Costing) is a technique which assesses the total cost of an asset over its whole life; it takes into account the initial capital cost, as well as the costs of renovation, repairs and maintenance over the expected lifetime of the property.
Many organisations and businesses in the UK have found the following steps essential for Life-Cycle Costing (LCC) to be introduced effectively. Further information is available by following the links at each step.