Life Cycle Cost Analysis Law and Legal Definition

Life-cycle cost analysis means “an evaluation of costs incurred over the life of a project allowing a comparative analysis between or among various alternatives. Life-cycle cost analysis promotes consideration of total cost, including maintenance and operation expenditures. Comprehensive life-cycle cost analysis includes all economic variables essential to the evaluation, including user costs such as delay, safety costs associated with maintenance and rehabilitation projects, agency capital costs, and life-cycle maintenance costs.” [23 CFR 970.104; Title 23-Highways; Chapter I-Federal Highway Administration, Department Of Transportation; Subchapter L-Federal Lands Highways; Part 970-National Park Service Management Systems; Subpart A-Definitions]