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Both quality and whole-life cost are taken into account.
These are used, inter alia, to ensure that the standards required of new construction reflect current needs and accord with minimum whole-life costs.
That may seem to be irrelevant to consumer debt, but we must look at people's whole-life experience.
This may be the same policy —a whole-life policy is converted as the same policy into an endowment policy involving the trebling of the premium.
Of these 1,674 were endowment policies and 4,069 whole-life.
For that reason, we have to have the complicated whole-life system, with revaluation throughout the working life.
Recent research on performance and whole-life costs has shown that, within the limits of the information available, both materials can give equally satisfactory performance.
Thirdly, the programme aims to minimise whole-life cost.
Management costs in private finance initiative projects do of course cover items like whole-life maintenance, which are not typically provided for in conventional procurement.
The whole-life cost of servicing the submarines should be considered.
The best value reviews, assessments and performance measures will also contribute a powerful incentive to improve whole-life value through construction.
He is a whole-life case—he will be in prison all his days; that is certain.
This is supported by our procurement policy, which includes guidance on including environmental considerations in whole-life purchasing decisions.
Purchases are considered on the basis of fitness for purpose and whole-life cost.
They cannot, however, cover it at the reasonable and ordinary rates for endowment or whole-life policies.