Life Cycle Costing definition

Life Cycle Costing means the total cost of ownership, including the total cost of acquiring, operating, maintaining, supporting, and if applicable, disposal.

Life Cycle Costing means determining the cost of a product for its estimated useful life, including its disposal.

Life Cycle Costing means all or part of the following costs over the life-cycle of a product, service or works, to the extent that they are relevant:

Examples of Life Cycle Costing in a sentence

• In using Life Cycle Costing, factors such as the following may be considered: estimated useful life, maintenance costs, cost of supplies, labor intensity, energy usage, environmental impact, and residual value.

• The real contract value can only be fully determined when the "Life Cycle Costing" (LCC) of the procurement is taken into consideration.

• In 2014, DOE and NIST developed a 5.5 hour continuing education course, “Fundamentals of Life Cycle Costing for Energy Conservation.” This free webcast that introduces the elements of life-cycle cost analysis of energy and water conservation projects is available at the Whole Building Design Guide (WBDG) website at http://www.wbdg.org/education/femp19.php.

• Life Cycle Costing (LCC) for base systems (air, water, electrical, gas) and any proposed alternates shall be researched and reported in writing to the LPS Operations, Maintenance and Construction (OMC) Department when Design Development documents are submitted for review and approval.

• Must be familiar with Energy Conservation; Hazardous Building Material; Life Cycle Costing and Strategic Planning.

More Definitions of Life Cycle Costing

Life Cycle Costing means the various quantifiable cost factors, in addition to the acquisition cost of Goods and Services (also referred to in this Rule as "product, equipment, and service, separately or in any combination thereof").

Life Cycle Costing. The process whereby all expenses associated with the operations, maintenance, repair, replacement and alteration costs of a facility or piece of equipment are identified and analyzed.

Life Cycle Costing means the various quantifiable cost factors, in addition to the acquisition

Life Cycle Costing means a procurement technique that takes into account demonstrable and documented operating, maintenance, the cost of money, other costs of ownership, usage, resale or residual value in addition to acquisition price in making an award on lowest and best or best value.

Life Cycle Costing means such costs as are specified in the European Procurement Regulations;

Life Cycle Costing means an analysis method that quantifies Life Cycle Costs, including the costs of acquiring, operating, supporting and disposing of a Product. The method may also include any additional Costs that relate to adverse impacts of a Product, for example, impacts to the environment or public health.

Life Cycle Costing means an analysis method that considers quantifiable economic costs over the Life Cycle of a Product, including the costs of acquiring, operating, supporting and disposing of a Product. The method may include quantifiable costs that relate to an adverse impact of a Product, for example, impacts to the environment or public health.