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Life-cycle cost
life-cycle cost[′līf ‚sī·kəl ‚kȯst] (engineering) A measurement of the total cost of using equipment over the entire time of service of the equipment; includes initial, operating, and maintenance costs. Life-cycle costThe total cost of acquiring, owning, operating, and disposing of a building or building system over its entire useful life. It includes the cost of land acquisition, construction costs, energy costs, the cost to maintain, service and repair the building and its systems, costs of system replacement, financing costs, and residual or salvage value at the end of the building’s useful life.FinancialSeeWhole-Life Cost |