What is Life Cycle Costing? The Life Cycle Cost (LCC) of an asset is defined as: “the total cost throughout its life including planning, design, acquisition and support costs and any other costs directly attributable to owning or using the […]
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A sinking fund forecast is a report, drawn up to give an estimated forecast of a property’s budget. This kind of report takes into account past expenditures, along with future financial liabilities, such as building maintenance and repair work, to […]
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