ABSTRACT
After reading this chapter, you should have an understanding about the practice of whole-life costing as applied to projects in the construction industry. You should be able to:
18.1 WHOLE-LIFE COSTING APPLICATIONS
The following are some of the advantages of whole-life costing associated with capital works projects:
■■ The emphasis is on a whole-or total-cost approach undertaken in the acquisition of any capital cost project or asset, rather than concentrating on the initial capital costs alone.
