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What is Whole Life Costing (WLC) or Life-Cycle Costing (LCC)?

April 26, 2017costing LCC life life-cycle wlc

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What is Whole Life Costing (WLC) or Life-Cycle Costing (LCC)?

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The financial cost of purchasing a product or a system for its useful life, this includes the cost of capital, installation, operation (i.e. energy and water use), maintenance, repair and disposal. Other incidentals such as insurance may be included as well.