American National Standards Institute Publishes Total Cost of Ownership Standard
The American National Standards Institute published APPA 1000-1 in January of 2018, creating the first national standard for Total Cost of Ownership (TCO) in the United States. The standard identifies and defines the foundational elements and the structure required to implement TCO principles for facilities. It is essential that the entire cost of purchasing and owning a building through its lifetime is understood by all stakeholders, especially before finalizing design plans for new construction.