Whole Life Costing (WLC)

WLC takes account of the total costs of making or purchasing and then owning (or leasing), operating, maintaining and managing the requirement (including its end of life, whether that involves de-commissioning, disposal or re-sale) over a specified period of time.

Information about Whole Life Costing (WLC)

This guide, one of a series, sets out to present, in an integrated fashion, the principles and practice of Whole Life Costing (WLC), together with CIPS views on the subject. CIPS is expressing beliefs on WLC as it is a best practice tool for evaluating options for any substantial procurement.

Return to Strategy and Policy topic.

Related concepts

Whole Life Costing (WLC)

WLC takes account of the total costs of making or purchasing and then owning (or leasing), operating, maintaining and managing the requirement (including its end of life, whether that...

Find out more

Total Cost of Ownership (TCO)

Total cost of ownership serves as a key mean by which to analyse and evaluate indirect costs (van Weele, 2010).

Find out more