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Life Cycle Cost Analysis

"Life Cycle Cost (LCC) is an economic assessment of an item, system, or facility over its life, expressed in terms of equivalent cost, using baselines identical to those used for initial cost." (1)

(1) Life Cycle Costting for Facilities, Alphonse J. Dell'Ijola, PE, CVS and Stephen J. Kirk, FAIA, CVS, REED Construction Data, 2003