- Project plans
- Project activities
- Legislation and standards
- Industry context
Last edited 27 Apr 2020
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.’
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