Cost of ownership
STAR Procurement (a shared procurement service for Rochdale, Stockport, Tameside and Trafford Councils), Glossary of Terms, published in May 2019, suggests that cost of ownership is: ‘The total value that takes into account direct costs (e.g. initial outlay, delivery / installation) as well as indirect costs (e.g. operating, service / repair) in determining the value of an investment.’
[edit] Related articles on Designing Buildings Wiki
- Cost information.
- Cost of building.
- Cost plan.
- Cost.
- Hard costs v soft costs.
- Investment decision.
- Owner.
- Value.
- Whole life costs.
Featured articles and news
Helping communities preserve and enhance historic environments.
Creating comfortable climates despite extreme temperatures.
Can flexwork apply to engineering services?
Study examines how adjustable arrangements can succeed.
Government announces plans to improve accessibility.
CLC publishes dispute resolution guidance
Resource addresses pandemic-related NEC4 contract issues.
Incorporating EDI into the provision of fair access.
Government announces global innovation strategy.
An architectural biography. Book review.
Restoring Orleans House Octagon
The house where the future king of France lived.
The teacher, architectural technologist and mum offers her insights.
Cable management materials shortage
Careful planning needed as supply chain issues continue.
The sensitive conversion of a neglected Cornwall structure.