Life cycle cost.

Life cycle cost. The life cycle cost has 2 purposes: To determine the expected usable life (utility) of a building component or furnishing and (2) to determine which building components or furnishings are the most cost efficient over the life of the building. Cost efficient is not to be construed to mean the least initial cost.

Source

7 CFR § 3560.11

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Scoping language

Unless otherwise noted, terms listed in this part shall be defined as follows:

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