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The process by which the owners of an asset assemble all of the costs that this asset will experience over the course of its existence is known as life cycle costing (LCC).
When you're running a business, every penny counts. Making poor purchase decisions can put your organization under extra financial strain and reduce its bottom line over time. Practice life cycle costing before purchasing new assets for your company.
The life cycle cost of an asset, also known as the whole-life cost, has an impact on corporate budgeting, product pricing, and decision-making.
The overall cost of an asset across its life cycle, including original capital expenses, maintenance costs, operating costs, and the asset's residual value at the end of its life, is calculated using the life cycle cost (LCC) method.
Scope of Work :
- Cost at the present
- Costs of operation and maintenance
- Cost of energy
- Value of salvage
- Analyzing data
- Recommendation
- Recording
- 24/7 Technical Support
- Code of Conduct
- Observance of the law
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