The total cost of ownership equals quality, service, delivery and price.
Would you pay a higher price if it bought a lower cost? For contractors and specifiers, there is a big difference between price and cost. While price is but one element of cost, it is the initial, most visible and the easier of the two to understand. Focusing on price is not a preferred strategy in any business, especially where high-quality, reliable manufactured goods are concerned. Instead, for precast concrete products, the focus should be on the Total Cost of Ownership (TCO).