Put Total Cost Of Ownership To Work For Life Sciences Facilities

By Kevin Wayer, President of Government, Education, Infrastructure and Life Sciences industries, JLL

Total cost of ownership (TCO) refers to the total cost of owning an asset—whether a piece of equipment or an entire building—over its useful lifespan. Embracing TCO can help your facility management team focus on the bigger picture of keeping your R&D operations effective, safe, and compliant around the clock.

This guide explores several topics to help your facility in considering TCO and facilities management (FM). This includes how to apply TCO to the FM function, the importance of interrelationships, key principles of TCO and more.​