Frequently Asked Questions
What is life cycle costing (LCC)?
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Life cycle costing (LCC) is the process of evaluating the total cost of a project or asset over its entire lifespan, including initial, operational, maintenance, and disposal costs. Stonehaven uses LCC to guide investment decisions and improve long-term value for clients.
What is the whole life cycle costing approach?
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Whole life cycle costing (WLCC) considers all costs from design through demolition, focusing on long-term performance and sustainability. Stonehaven applies WLCC to optimise operational efficiency, reduce waste, and deliver cost-effective, durable solutions.
What are the methods of WLCC used by Stonehaven?
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Stonehaven uses methods such as net present value (NPV), annualised costs, payback analysis, and discounted cash flow to evaluate options. These techniques ensure our clients select solutions with the best balance of cost, quality, and long-term performance.
What is a whole building life cycle analysis?
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A whole building life cycle analysis assesses the environmental and cost impacts of a building from construction to end-of-life. Stonehaven integrates this into project planning to support sustainable design, cost efficiency, and carbon reduction targets.
What are the benefits of life cycle costing on projects?
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LCC helps identify long-term savings, improve asset performance, and reduce environmental impact. Stonehaven uses LCC insights to guide design, procurement, and maintenance decisions, ensuring maximum return on investment over the project’s lifespan.