Life Cycle Costing in the Preparation of Public Works Contracts

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F68407700%3A21110%2F14%3A00224274" target="_blank" >RIV/68407700:21110/14:00224274 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Life Cycle Costing in the Preparation of Public Works Contracts
Original language description
The purpose of the paper is to highlight the role of life cycle cost as a criterion in preparation of public works contracts. Contracting authorities commonly use construction cost minimization as an important criterion. In order to achieve the maximum value for money and 3Es, all costs incurred over the whole life cycle must be evaluated. The optimization of life-cycle cost of a project, construction, and equipment is essential for complex decision-making process. Life cycle costing (LCC) is a method of economic analysis of all costs related to construction, operation, and maintenance of a construction project over a defined period of time. All costs and savings can then be directly compared and fully informed decisions can be made. The greatest benefit of life cycle costing can be obtained in the initiation phase of construction projects, that means even before the call for tenders. The paper summarizes major issues of life cycle costing (LCC) and analysing, and presents the most fre
Czech name
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Czech description
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Publication year
2014
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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