Lump sum cost
Life Cycle Costing (BG 67/2016), written by David Churcher and Peter Tse and published by BSRIA in March 2016, defines a lump sum cost as: ‘A cost that occurs in one particular year in the life cycle cost model. Typical lump sums relate to capital investment such as initial construction, or plant replacement, or decommissioning costs. Recurring costs can be expressed as a series of identical lump sum costs, but this complicates the life cycle costing model and introduces unnecessary calculations.’
--BSRIA
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