Totex is a neat term, and an even neater theory: invest pro-actively in the lifecycle of a process, rather than just buying equipment with the lowest-possible capital price tag. The result should be more cost-efficient operation, in which maintenance and engineering costs are measured, monitored and optimised. It was a privilege to be on the panel for the WWT round table debate on Totex and its implications for the water industry, featured in the pages of this month's issue; I found it immensely encouraging and I learned a great deal.
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