Total Cost of Ownership definition

Total Cost of Ownership of a EuroHPC supercomputer means the acquisition costs plus the operating costs, including maintenance, until the ownership of the supercomputer is transferred to the hosting entity or is sold, or until the supercomputer is decommissioned without transfer of ownership;

Total Cost of Ownership means a summation of all purchase, operating, and related costs to be expended during the projected lifetime of a Good or Service or both.

Total Cost of Ownership means a summation of all purchase, operating, and related costs to be

Examples of Total Cost of Ownership in a sentence

• The objective of evolving this evaluation methodology is to facilitate the selection of the most cost-effective solution (Total Cost of Ownership) over contract period that appropriately meets the requirements of the Bank.

• We also undertake to submit the Bill of Materials for the TCO (Total Cost of Ownership) in terms of RFP.

• In the event the Bank has not asked for any quotes for alternative prices, and the bidder furnishes the alternative price in the Bidder’s financial bid, the higher of the prices will be taken for calculating and arriving at the Total Cost of Ownership.

• The Bank in this case may also reject the offer outright.b. In the event optional prices are not quoted by the bidder, for items where such prices are a must and required to be quoted for, the highest price quoted by any of the participating Bidder will be taken as the costs, for such alternatives and also for arriving at the Total Cost of Ownership for the purpose of evaluation of the Bidder.

• See illustration at the end.* This will be the Total Cost of Ownership (TCO)/Total Project Cost and should be quoted in the reverse auction.

More Definitions of Total Cost of Ownership

Total Cost of Ownership means the cost over the full lifetime of a product. Examples of costs include maintenance, insurance, staffing, training, disposal, and cost savings that may be achieved over the lifetime of the product such as environmental efficiencies (i.e. energy saving or water use) or potential revenues.

Total Cost of Ownership means the total cost of acquiring and owning a vehicle for its lifetime, including the costs of acquiring or leasing the vehicle, fuel costs, mantainance and repair costs, insurance costs, finance costs, and taxes;

Total Cost of Ownership means the comprehensive accounting of the total cost of ownership, including initial costs, energy and operational costs, longevity and efficacy of service and disposal costs. May also include Life Cycle Assessment or Life Cycle Analysis for environmental impact. Refer to (20) for LCA definition.

Total Cost of Ownership of a supercomputer means the acquisition costs plus the operation costs (including maintenance).

Total Cost of Ownership means the sum of direct spend, related spend, process spend and opportunity cost associated within a specific commodity and service to the owner;

Total Cost of Ownership means the direct social, environmental and financial costs and benefits to the District of products, services and construction during their acquisition, use and end of life phases. All contracts will be evaluated based on the full range of costs that may include acquisition, maintenance, replacement, legal disposal, training costs, environmental and social impacts associated with goods or services.

Total Cost of Ownership means the purchase price of an asset plus the costs of operation, representing the complete cost through its entire lifecycle.