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.

  • Decision Making Techniques: Cost Volume Profit Analysis; Management Accounting for Decision Making and Control; EVA and Performance Measurement; Introduction to Activity Base Costing, Targeting Costing, Life Cycle Costing; Uniform Costing.

  • This Cost Specialist will be conversant with all aspects of construction cost estimating during the design stages including the use of Elemental Cost Analysis, Risk Analysis, Life Cycle Costing and Value Engineering/Management techniques.

  • For the purposes of the Life Cycle Costing calculations, the EU25 prices of 0.075 euro/kWh are considered as the base price.


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 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. 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 such costs as are
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.