Life Cycle Costing Procurement Guide

Abstract

Life Cycle Costing (LCC) is an acquisition or procurement technique which considers operating, maintenance, and other costs of ownership as well as acquisition price, in the award of contracts for hardware and related support. The objective of this technique is to insure that the hardware procured will result in the lowest overall ownership cost to the Government during the life of the hardware. This interim guide is limited to the necessary guidelines for implementing LCC in the procurement of less than a complete weapon system in a competitive environment where the minimization of life cycle cost is the primary economic objective.

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Document Details

Document Type
Technical Report
Publication Date
Jul 01, 1970
Accession Number
AD0726978

Entities

Organizations

  • United States Department of Defense

Tags

Communities of Interest

  • Ground and Sea Platforms
  • Human Systems
  • Weapons Technologies

DTIC Thesaurus Topics

  • Acceptance Tests
  • Acquisition
  • Attrition
  • Department Of Defense
  • Engineering
  • Engineers
  • Failure Mode And Effect Analysis
  • Logistics
  • Maintenance
  • Maintenance Costs
  • Maintenance Personnel
  • Military Personnel
  • Personnel Management
  • Preventive Maintenance
  • Procurement
  • Test And Evaluation
  • Test Equipment

Readers

  • Life Cycle Cost Analysis