Lifecycle cost definition

Lifecycle cost means the cost of owning and operating infrastructure, equipment, etc. over its expected lifetime, including the costs that it will incur within that time (maintenance, energy, water, etc.). When two or more products’ lifecycle costs are compared, the full cost of each product over its lifetime is considered.
Sample 1Sample 2Sample 3
Lifecycle cost. Means the total cost of ownership over the life of an asset. This includes purchase or lease cost, operations and maintenance, depreciation, and resale or surplus value.
Sample 1Sample 2
Lifecycle cost means the total cost of ownership over the life of an asset including, but not limited to, purchase or lease cost, financing costs, taxes, incentives, operation, maintenance, depreciation, resale or surplus value, engine conversion, and the incremental cost of associated refueling infrastructure.
Sample 1

Examples of Lifecycle cost in a sentence

  • To determine if acquisitions for supplies or services are covered by DFARS 208.7, acquisition officials shall use the AbilityOne Program Procurement List published by the Committee for Purchase From People Who Are Blind or Severely Disabled at http://www.abilityone.gov/procurement_list/index.html (see FAR 8.7).(3)(i) Life-cycle cost.

  • Life-cycle cost estimates for the Project shall be obtained at an initial stage and as a regular part of the services to be performed under this Agreement.

  • Set forth the established cost goals for the acquisition and the rationale supporting them, and discuss related cost concepts to be employed, including, as appropri- ate, the following items:(i) Life-cycle cost.

  • Life-cycle cost savings are the reductions in the life-cycle costs due to amended energy conservation standards when compared to the life-cycle costs of the equipment in the absence of amended energy conservation standards.

  • Lifecycle cost for alternative designs shall be evaluated accurately by SUPPLIER and provided within their proposal.

  • Life-cycle cost estimates for each alternative will be compared with the baseline/status quo/As-Is estimate.

  • Section 707 of Executive Order 13123 defines life-cycle costs as, “…the sum of present values of investment costs, capital costs, installation costs, energy costs, operating costs, maintenance costs, and disposal costs over the life-time of the project, product, or measure.” Life-cycle cost analysis (LCCA) is an economic method of project evaluation in which all costs arising from own- ing, operating, maintaining, and disposing of a [facility/asset] are considered important to the decision.

  • Life-cycle cost may be expressed as an annual cost for each year of the facility's use.

  • Life-cycle cost (LCC) of commercial refrigeration equipment is the cost to customers of owning and operating the equipment over the entire life of the equipment.

  • Life-cycle cost of automatic commercial ice makers is the cost to customers of owning and operating the equipment over the entire life of the equipment.


More Definitions of Lifecycle cost

Lifecycle cost means the cost of owning and operating a piece of equipment or an equipment system over its expected lifetime.
Sample 1Sample 2
Lifecycle cost means the total of the direct/indirect, recurring/non-recurring, fixed/variable financial costs to City incurred in connection with the Work over the whole life of the Work, including the costs of designing and constructing the Work prior to Completion and occupying, using, operating and maintaining the Work after Completion.
Sample 1
Lifecycle cost means an assessment of the complete cost of an item including initial engineering, design, and construction costs as well as ongoing operational and maintenance costs over the lifespan of the item.
Sample 1
Lifecycle cost means the cost of a building, as determined by the methodology identified in the National Institute of Standards and Technology’s special publication 544 and interagency report 80­2040, available as set forth in the Code of Federal Regulations, Title 15, Part 230, including the initial cost of its construction or renovation, the marginal cost of future energy capacity, the cost of the energy consumed by the facility over its expected useful life or, in the case of a leased building, over the remaining term of the
Sample 1
Lifecycle cost means the total cost to the District of acquiring, operating, supporting and (if applicable) disposing of the items being acquired.
Sample 1
Lifecycle cost means the sum of all recurring and one-time (non- recurring) costs over either the life span, or a specified period of an asset, and may include, but is not limited to, planning, design, construction, acquisition, operation, maintenance, rehabilitation, and disposal costs.
Sample 1

Related to Lifecycle cost

  • Life-cycle cost means the expected total cost of ownership during the life of a product, including disposal costs.

  • Development Cost means the total of all costs incurred in the completion of a Development excluding Developer Fee, operating deficit reserves, and total land cost as typically shown in the Development Cost line item on the development cost pro forma.

  • FTE Cost means, for any period, the FTE Rate multiplied by the number of FTEs in such period.

  • The Contract Price/Project Cost means the price payable to the Vendor under the Contract for the full and proper performance of its contractual obligations.

  • Manufacturing Cost means [***].

  • Allowable Cost means a cost that complies with all legal requirements that apply to a particular federal education program, including statutes, regulations, guidance, applications, and approved grant awards.

  • Fully Burdened Manufacturing Cost means, with respect to any Licensed Product supplied by or on behalf of NVCR to Zai hereunder if such Licensed Product (or any precursor or intermediate thereof) is manufactured by a Third Party manufacturer [***].

  • Project Cost means the price payable to Service Provider over the entire period of Agreement (i.e. Rs. <in words>) for the full and proper performance of its contractual obligations.

  • Direct Cost means a cost not to exceed the cost of labor, material, travel and other expenditures to the extent the costs are directly incurred to provide the relevant assistance or service. “Direct Cost” to the Acquirer for its use of any of a Respondent’s employees’ labor shall not exceed the average hourly wage rate for such employee;

  • Equipment Cost means, for any Item of Equipment, the gross amount paid by the Company to the manufacturer thereof, including all applicable sales taxes, and delivery charges as invoiced by such manufacturer to the Company.

  • Cost Basis means (i) for cash, the dollar amount deposited, and (ii) for the other Permitted Investments, the amount paid, excluding accrued interest, by the holder to buy the United States Treasury Securities or the Money Market Fund shares. These amounts may also be known as the tax basis, book value, or tax cost basis.

  • Base Cost means base cost as defined in paragraph 1 of the Eighth Schedule;

  • Patient cost means the cost of a medically necessary health care service that is incurred as a result

  • The Contract Price/ Project Cost means the price payable to the Vendor under the Contract for the full and proper performance of its contractual obligations.

  • Operating Cost means the costs associated with operating a multifamily development once the project is placed in service.

  • Trip Cost means the dollar amount of Trip payments or deposits paid by the Insured prior the Insured’s Trip Departure Date and shown on any required application which is subject to cancellation penalties or restrictions. Trip cost will also include the cost of any subsequent pre-paid payments or deposits paid by the Insured for the same Trip, after application for coverage under this plan provided the Insured amends the Application to add such subsequent payments or deposits and pays any required additional plan cost prior to the Insured’s Departure Date.

  • Reasonable cost means a cost for a service or item that is consistent with the market standards for comparable services or items.

  • Net cost means the Contractor’s actual cost after deducting all permitted cash and trade discounts, rebates, allowances, credits, sales taxes, commissions, and refunds (whether or not any or all of the same shall have been taken by the Contractor) of all parts and materials purchased by the Contractor solely for the use in performing its obligation hereunder provided, where such purchase has received the prior written approval of the Manager as required herein. The Contractor shall promptly furnish to the Manager such bills of sale and other instruments as the Manger may require, executed, acknowledged and delivered, assuring to the Manager title to such materials, supplies, equipment, parts, and tools free of encumbrances.

  • Gross weight means the aggregate weight of a vehicle or combination of vehicles and the load

  • Maximum allowable cost list means a list of drugs for

  • Standard Cost means any cost computed with the use of preestablished measures.

  • Contributory drainage area means the area from which stormwater runoff drains to a stormwater management measure, not including the area of the stormwater management measure itself.

  • Replacement Cost means the cost to repair or rebuild the improvements owned by Lessor at the time of the occurrence to their condition existing immediately prior thereto, including demolition, debris removal and upgrading required by the operation of applicable building codes, ordinances or laws, and without deduction for depreciation.

  • Total Development Cost means the total of all costs incurred in the completion of a Development, all of which shall be subject to the review and approval by the Credit Underwriter and the Corporation pursuant to this rule chapter, and as further described in Rule 67-48.0075, F.A.C.

  • Target Cost as used in this contract, means the estimated cost of this contract as initially negotiated, adjusted in accordance with paragraph (d) of this clause.

  • Maximum allowable cost means the maximum amount that a pharmacy benefit manager will reimburse a pharmacy for the cost of a drug.