Whole Life Costs and Project Procurement in Port, Coastal and Fluvial Engineering

Book excerpt: Whole life costing is not a new concept. However, thinking about costs has traditionally been segregated into boxes of capital, maintenance, operational and disruption costs, a split often emphasised by divisions of responsibility within organisations. This guide provides the necessary advice and date to break down the barriers between cost boxes so that costs can be considered holistically. This leads to more informed project decisions and can reduce costs over the life of an asset.