The SPP Regions project, which promotes SPP and PPI in European regional networks of municipalities, has released its State of the Art report on Life Cycle Costing (LCC). The report fully explains the concept of life cycle costing and total cost of ownership (TCO) analysis. Specifically, it refers to the new EU public procurement Directives, which clearly defines the use of LCC within the public procurement process.
Focusing on examples of best-practice from across the SPP Regions partnership and wider across Europe, the report demonstrates in detail how LCC methodology is applied to products, services and works categories. It also signposts existing tools and case-studies involving sustainable and innovation procurements where LCC has been used.
The SPP Regions project promotes the creation and expansion of 7 European regional networks of municipalities working together on sustainable public procurement (SPP) and public procurement of innovation (PPI), and releases detailed guidance and case-studies for public procurers to introduce to their own organisations.
For more information and to download the full report, visit the SPP Regions website.