SSC encourages municipal officials and other stakeholders to consider this report when evaluating the life-cycle costing
of water infrastructure and making sustainable piping decisions.
In a 1979 decision (B-192488), GAO reiterated, "We have consistently upheld life-cycle costing
, stating that it is logical to consider total anticipated costs, rather than merely purchase price." There have been numerous dismissed and/or denied protests, and a few sustained, involving LCC over the years.
is the profiling of costs over the life of a product, including the pre-production stage.
A key component of up-front planning is life-cycle costing
. A life-cycle cost management program identifies a common set of ground rules and assumptions for life-cycle cost estimation; ensures that best-practice methods, tools, and models are used for life-cycle cost analysis; tracks the estimated life-cycle cost throughout the project; and, most importantly, integrates life-cycle cost considerations into the design and development process.
Coverage includes life-cycle costing
economics and fundamentals; models and cost estimation methods; reliability, quality, safety, and manufacturing costing; maintenance, maintainability, usability, and warranty costing; life-cycle costing
of computer, transportation, civil engineering and energy systems; and introductory aspects of engineering reliability and maintainability.
(2003), Life-cycle costing
, John Wiley a sons, USA 2003, ISBN 978-0-4713-5885-5