Whole Life Costs definition

Whole Life Costs means the whole costs of the provision of the works, goods and/or services from inception to disposal including any annual maintenance costs or annual fees (i.e. software licences)
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Whole Life Costs means, in relation to any Medium Value Change or High Value Change, the estimated and (to the extent that such information is available) the actual cost of operating and maintaining such Medium Value Change or High Value Change over its intended design life (consistent with the Concessionaire Response);
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Whole Life Costs has the meaning given to that term in Schedule 25 (Change Protocol) Works Delivery Plans means the proposals for the provision of the Apartment Areas to satisfy the requirements of paragraphs 3 and 4 and Annex I of the Output Specification, as contained in part 1 of Schedule 2 (Contractor's Proposals) as may be varied from time to time in accordance with the Review Procedure Works means all of the works (including design and works necessary for obtaining access to the Sites or Apartment Areas) to be undertaken in accordance with this Agreement to satisfy the Output Specification Works Adaptations Threshold means, in respect of Adaptations Works undertaken at any Site prior to the issue of the relevant Certificate of Availability, an aggregate amount of Year means the 12 month period from and including a day 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)‌ Zone has the meaning given to that term in Schedule 4 (Payment Mechanism)
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Examples of Whole Life Costs in a sentence

  • It must also be relevant to the contract, consistent with the achievement of Value for Money and be approached on the basis of Whole Life Costs.

  • Performance and Whole Life Costs of Best Management Practices and Sustainable Urban Drainage Systems.

  • The Supplier shall provide all quotations in a manner that enables Contracting Authorities to understand Whole Life Costs and clearly demonstrates to Contracting Authorities the different costs associated with their procurement.

  • The tendered prices were evaluated based on Whole Life Costs (WLC).

  • Whole Life Costs: A tool to assist in assessing the cost performance of construction work, aimed at facilitating choices where there are alternative means of achieving the client’s objectives and where those alternatives differ, not only in their costs but also in their subsequent operational costs.

  • The tendered prices were evaluated based on Whole Life Costs (“WLC”).

  • The following scoring criteria are used –• Fit with Corporate Priorities• Fit with service objectives (including Statutory)• Options appraisal• Funding opportunities• Risk & Deliverability• Value for Money• Cross-cutting benefits & added value• Sustainability• Whole Life Costs Using this process the Council has developed the 4-year Capital Plan and the current Capital Projects Reserve List at Appendix 11.

  • Designs must be assessed for Whole Life Costs to ensure that the balance between capital cost and maintenance liabilities is fully considered.

  • In calculating the Estimated Change in Project Costs (including the Whole Life Costs) and/or Capital Expenditure the Contractor shall ensure that: any professional fees, contingencies, overheads and/or profit margins charged by any consultant, sub-contractor or supplier in respect of construction and/or installation and/or lifecycle and/or service provision shall be the equivalent rates set out in Part 3 of Appendix 2 of this Change Protocol.

  • The only instance where this is proposed is Harrowside Bridge, which is a continuous insitu reinforced concrete bridge which will require new piled foundations.Provision has been made in cost estimates.3.5 Financial Risk ManagementPlease provide details of any risk allowance or contingency built into the Whole Life Costs of the project.


More Definitions of Whole Life Costs

Whole Life Costs means, in relation to any Medium Value Change or High Value Change, the estimated and (to the extent that such information is available) the actual cost of operating and maintaining such Medium Value Change or High Value Change over its intended design life (consistent with the Contractor Response); LIMITS ON CHANGES Neither party may propose or implement an Authority or Contractor Change: which requires the Works to be carried out and/or the Services to be performed or a Change to be implemented in a way that infringes any Legislation or Guidance or is inconsistent with Good Industry Practice; which would cause any Consent to be revoked (or a new Consent required to implement the relevant Change to be unobtainable) in accordance with the principles set out in paragraph 3.1; which would materially and adversely affect the Contractor's ability to deliver the Services carried out (except for that part of the Service which has been specified as requiring to be amended in the Change Notice) in a manner not compensated pursuant to this Change Protocol; which would materially and adversely affect the health and safety of any person; which would require the Contractor to implement the Change in an unreasonable period of time; which would (if implemented) materially and adversely change the nature of the Project (including its risk profile); and/or whereby the Authority does not have the legal power or capacity to require the implementation of such Change. The Contractor may, within ten (10) Business Days of receipt of an Authority Change Notice (or such longer period as reasonably set out by the Authority in the Authority Change Notice in consultation with the Contractor and taking into account the characteristics of the Authority Change and/or any modification to the Authority Change) state in writing whether it objects to the Authority Change Notice on any of the grounds set out in paragraph 2.1. The Contractor may request a further 10 day extension to the period if Senior Lender due diligence is required The Authority shall, within ten (10) Business Days of receipt of such notice provide written confirmation that either: the Authority Change Notice is withdrawn; or the objection by the Contractor shall be referred for determination in accordance with the Dispute Resolution Procedure. For the avoidance of doubt the Authority has an absolute discretion to accept or reject any Contractor Change unless such Change is required as a result of a Change in Law.
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Whole Life Costs has the meaning given to it in Schedule 21 Part 1 (Change Protocol); Works means all of the works (including design and works necessary for obtaining access to the Site, commissioning and conduct of the Tests) to be undertaken in accordance with this Contract in accordance with the Works Requirements, Commissioning Requirements and the Works Method Statements; Works Commencement Longstop Date has the meaning given to it in Schedule 8 (Key Dates);
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Whole Life Costs means, in relation to any Medium Value Change or High Value Change, the estimated and (to the extent that such information is available) the actual cost of operating and maintaining such Medium Value Change or High Value Change over its intended design life (consistent with the Contractor Response). 2. LIMITS ON CHANGES 2.1 Neither Party may propose or implement a City or Contractor Change:
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Related to Whole Life Costs

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

  • Administrative Costs means all costs and expenses associated with providing notice of the Settlement to the Settlement Class and administering and carrying out the terms of the Settlement.

  • 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.

  • 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.

  • Collateral Minimum Monthly Interest shall have the meaning specified in subsection 4.02(c).

  • Preferred Allowance means the amount a Preferred Provider will accept as payment in full for Covered Medical Expenses.

  • Allowable Costs means the costs defined as allowable in 42 CFR, Chapter IV, Part 413, as amended to October 1, 2007, except for the purposes of calculating direct medical education costs, where only the reported costs of the interns and residents are allowed. Further, costs are allowable only to the extent that they relate to patient care; are reasonable, ordinary, and necessary; and are not in excess of what a prudent and cost-conscious buyer would pay for the given service or item.

  • Transportation Expense means the cost of Medically Necessary conveyance, personnel, and services or supplies.

  • Housing costs means the compensation or fees paid or charged, usually periodically, for the use of any property. land, buildings, or equipment. For purposes of this chapter, housing costs include the basic rent charge and any periodic or monthly fees for other services paid to the landlord by the tenant, but do not include utility charges that are based on usage and that the tenant has agreed in the rental agreement to pay, unless the obligation to pay those charges is itself a change in the terms of the rental agreement.

  • Allocable Costs means costs allocable to a particular cost objective if the goods or services involved are chargeable or assignable to such cost objective in accordance with relative benefits received or other equitable relationship. Costs allocable to a specific Program may not be shifted to other Programs in order to meet deficiencies caused by overruns or other fund considerations, to avoid restrictions imposed by law or by the terms of this Agreement, or for other reasons of convenience.

  • Marketing Costs which means such reasonable charge for marketing of ores and concentrates sold or of concentrates tolled as is consistent with generally accepted industry marketing practices;