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.
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