Benefits of WLC

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last updated: 31st July 2011

Using the Model to combine the four dimensions (full financial cost, qualitative judgements, fitness for purpose (technical specification) and sustainability) procurement decisions can be based on a clear understanding of the needs and preferences of the users and the whole life costs of the proposed acquisition. There will be occasions when, due to budgetary pressures, users will choose to base a decision on initial capital cost rather than whole life costs. In such cases, by using the model, you will have an audit trail that provides explicit reasons for your decision.

Whole life costing is not a panacea. However, if it is used within a defined framework, benefits will be achieved by

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