Whole Life Cost definition

Whole Life Cost means the estimated and (to the extent that such information is available) the actual cost of operating and maintaining that High Value Change over its intended design life (consistent with Project Co's Proposals).
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Whole Life Cost means in relation to any project, the estimated and (to the extent that such information is available) the actual cost of operating and maintaining that project over its intended design life (to the extent that a specific design life had not been identified in relation to the relevant project, a design life of no less than thirty (30) years for each component shall be assumed); Works means the design (including the preparation of all Design Data), construction, testing, commissioning and completion of premises (including any temporary works) and the installation of any equipment to be performed in accordance with a Project Agreement (as varied or supplemented from time to time in accordance with the provisions of the relevant Project Agreement).
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Whole Life Cost means, in relation to any Higher Value Change, the estimated and (to the extent that such information is available) the actual cost of operating and maintaining such Higher Value Change over its intended design life (consistent with the Contractor Stage 1 Response); Winter is the period when British Summer Time is not in effect; Year means the twelve months period from and including a day in one calendar year up to (but not including) the day bearing the same number in the same month of the following year (or, in the case only of a period commencing on 29 February, ending on the next following 28 February).
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Examples of Whole Life Cost in a sentence

  • Sustainable Procurement is a process whereby organisations meet their needs for goods, services and works in a way that achieves value for money on a Whole Life Cost (WLC) basis.

  • The Company's advertising and promotion expense was $9,194,665 and $10,568 for the year ended December (CONTINUED) 8 10 MYSIMON, INC.

  • Whole Life Cost Benefit Analysis for Median Safety Barriers pp 40-42: Transportation Research Laboratory, 2007.

  • As stated in section 7.15, Scottish Futures Trust has developed an ‘Energy Conservation Measures (ECM) Whole Life Cost Tool’ designed to assist public sector partners managing operational PPP projects to make informed decisions to optimise a built asset’s NZ performance where formal NZ changes or variations are being considered.The appraisal tool provides a consistent method of comparing ECM outcomes where an Authority is considering NZ changes or variations in existing operational PPP projects.

  • Whole Life Cost (WLC)Non Construction CostsLife Cycle Cost (LCC)IncomeExternalitiesConstructionOperationMaintenanceOccupancyEnd of Life BS/ ISO 15686-5 Buildings & Constructed Assets 2.

  • The contract should be awarded to the Most Economically Advantageous Tender (MEAT), looking at the Whole Life Cost (WLC) e.g. energy used for a product, whether there will be an increase in services throughout the life of the contract, disposal costs, repair and maintenance costs etc.

  • The GDF Programme is a major and long-term infrastructure programme, on the Government Major Projects Portfolio (GMPP) list, with a Whole Life Cost of up to £50Bn. We are now recruiting for a Head of Major Permissions reporting directly to the Community Engagement and Siting Director.

  • In deciding the right option for customers, we look at minimising the costs to customers of our plans by using Whole Life Cost models and examining the profile expenditure over time to minimise volatility.The NAMP development process is designed to ensure that the overall totex expenditure is optimal and delivers our strategic objectives, outputs, in the interests of both current and future customers - recognising the future is uncertain.The NAMP is a key input to our business’ financial health.

  • Throughout the course of this Agreement and of each New Project carried out under this Agreement, the LEP shall monitor and record in writing its predicted Capital Cost and Whole Life Cost for each New Project (for the LEP and/or the relevant Project Company, as the case may be) and any increases or reductions in such estimated cost from time to time together with the reasons for all such increases or reductions.

  • Responses should also identify how the Whole Life Cost approach has been considered for each of the Authorities as part of the selection of ECMs for the respective buildings.The Authorities further expect persistence of savings and useful economic life of ECMs to outweigh the ‘ECM Payback’ of measures, and Bidders are required to explain their approach to the selection of ECMs to maximise those measures where persistence factors and useful economic lives exceed ECM Payback.


More Definitions of Whole Life Cost

Whole Life Cost. (WLC) shall mean the forecasted total resources to assemble, equip, sustain and operate a specified military capability across the whole of its expected life. It includes the costs to develop, procure, own, operate, dispose of or re-deploy defence equipment and must show all costs, itemised by category and broken down according to who is liable for costs.
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Whole Life Cost means the total sum payable, or predicted to become payable by LUL, calculated as at the date of an Innovation Proposal, pursuant to this Contract and by all of the Station Contractors pursuant to the CRL Subcontracts for the CRL Workbank the LUL Workbank and for all of the Maintenance Services to the Maintained Escalators calculated in accordance with the Base Pricing Schedule and Base LUL Activity Schedule;
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Whole Life Cost means the costs including all capital and running costs associated with the development, implementation and operation of the Core works over its lifetime;
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Whole Life Cost means the total cost of ownership over the life of the goods or service being purchased. Also known as Life Cycle Cost or Cradle to Grave Cost. When calculating the Whole Life Cost, the buyer should consider not only the initial purchase price but also any costs associated with planning, design, installation, construction and acquisition, operations, maintenance, warranties and guarantees, training, renewal and rehabilitation, depreciation, cost of finance and replacement or disposal costs (this list is not exhaustive and there may be other costs to consider dependent on the nature of the goods or services being procured).
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Whole Life Cost means the total cost of ownership over the life of an asset.
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Related to Whole Life Cost

  • Life-cycle cost means the expected total cost of ownership during the life of a product, including disposal costs.

  • Trip Cost means the dollar amount of Trip payments or deposits paid by the Insured prior the Insured’s Trip Departure Date and shown on any required application which is subject to cancellation penalties or restrictions. Trip cost will also include the cost of any subsequent pre-paid payments or deposits paid by the Insured for the same Trip, after application for coverage under this plan provided the Insured amends the Application to add such subsequent payments or deposits and pays any required additional plan cost prior to the Insured’s Departure Date.

  • book cost means the total amount paid to purchase a security, including any transaction charges related to the purchase, adjusted for reinvested distributions, returns of capital and corporate reorganizations;

  • Administrative cost means a fee imposed to cover:

  • Direct Cost means a cost not to exceed the cost of labor, material, travel and other expenditures to the extent the costs are directly incurred to provide the relevant assistance or service. “Direct Cost” to the Acquirer for its use of any of a Respondent’s employees’ labor shall not exceed the average hourly wage rate for such employee;

  • Allowable cost means a cost that complies with all legal requirements that apply to a particular federal education program, including statutes, regulations, guidance, applications, and approved grant awards.

  • Equipment Cost means, for each Unit, the purchase price therefor -------------- paid by the Owner Trustee to the Lessee pursuant to Section 2 of the Participation Agreement and as set forth in Schedule 1 to the Participation Agreement with respect to such Unit. Notwithstanding anything to the contrary contained in the Operative Agreements, the Equipment Cost for any Replacement Unit shall be deemed to be the Equipment Cost or deemed Equipment Cost of the Unit replaced by such Replacement Unit.

  • Original Cost means the total amount paid to purchase a security, including any transaction charges related to the purchase;

  • Face Value means the specified price of the Ticket only (including United Kingdom value added tax thereon) as stated on the relevant Ticket, and excludes any Handling Fee (or part thereof) or other fees or charges paid by the Ticket Purchaser in respect of that Ticket (including postage or courier charges);

  • Operating Cost means the costs associated with operating a multifamily development once the project is placed in service.

  • Gross Calorific Value of “GCV” shall mean that quantity of heat expressed in Kilowatt- hour produced by the complete combustion of one (1) normal cubic metre of Natural Gas at twenty-five (25) degrees Celsius and an absolute pressure of one decimal zero one three two five (1.01325) bar with excess air at the same temperature and pressure as the Natural Gas when the products of combustion are cooled to twenty-five (25) degrees Celsius and when the water formed by combustion is condensed to the liquid state and the products of combustion contain the same total mass of water vapor as the Natural Gas and air before combustion.

  • One-hundred-year flood means a flood having a one per cent chance of being equaled or exceeded in any given year.

  • Maximum Weighted Average Life Test means a test that will be satisfied on any date of determination if the Weighted Average Life of the Collateral Loans as of such date is less than or equal to seven (7.0) years.

  • Eligible cost means as applied to a qualified project to be financed from the federal accounts, the costs that are permitted under applicable federal laws, requirements, procedures, and guidelines in regard to establishing, operating, and providing assistance from the bank. As applied to a qualified project to be financed from the state highway account, these costs include the costs of preliminary engineering, traffic and revenue studies, environmental studies, right‑of‑way acquisition, legal and financial services associated with the development of the qualified project, construction, construction management, facilities, and other costs necessary for the qualified project. As applied to any qualified project to be financed from the state transit account, eligible project costs are limited to capital expenditures for transit equipment and facilities.

  • Normal cost means the annual cost attributable, under the actuarial cost method in use, to current and future years as of a particular valuation date, excluding any payment in respect of an unfunded actuarial liability.

  • Total cost means the total annual cost of benefits and related costs including but not limited to claims, administration expenses, insurance premiums, consulting, auditing and advisory fees and all other costs and taxes, as reported on the insurance carrier’s most recent yearly statement, and if any, premium costs on other district school area board or public school authority statements, for the year ending no later than August 31, 2015. The aforementioned statements are to be provided to the Ministry of Education. Total Cost excludes retiree costs. The average number of Full-Time Equivalent (FTE) positions in the bargaining unit as at October 31st and March 31st for the period consistent with this clause.

  • Life expectancy means life expectancy as computed by use of the Single Life Table in Section 1.401(a)(9)-9 of the Treasury regulations.

  • Minimum Lifetime Mortgage Rate The minimum level to which a Mortgage Interest Rate can adjust in accordance with its terms, regardless of changes in the applicable Index.

  • Single Life Annuity means a Participant’s Grandfathered Benefit and/or 409A Benefit, as applicable, payable as an annuity in equal monthly installments over the life of the Participant, commencing as of the Payment Date and terminating in the month in which the Participant dies, with no further payments thereafter.

  • RI Value means, in respect of a Reference Item and a ST Valuation Date, (i) the RI Closing Value for such Reference Item in respect of such ST Valuation Date, divided by (ii) the relevant RI Initial Value (expressed as a percentage).

  • Additional Transportation Cost means the actual cost incurred for one-way Economy Transportation by Common Carrier reduced by the value of an unused travel ticket.

  • Indirect cost means any cost not directly identified with a single final cost objective, but identified with two or more final cost objectives or with at least one intermediate cost objective.

  • Cost-plus-a-percentage-of-cost contract means a contract under which the contractor is paid a percentage of the total actual expenses or costs in addition to the contractor's actual expenses or costs.

  • Maximum allowable cost means the maximum amount that a pharmacy benefit manager will reimburse a pharmacy for the cost of a drug.

  • Maximum Lifetime Mortgage Rate The maximum level to which a Mortgage Interest Rate can adjust in accordance with its terms, regardless of changes in the applicable Index.

  • SPS AER Value means the Underlying Reference Value.