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.
Life-cycle costing 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
