The total cost of a product or service over its entire lifespan, including acquisition, operation, maintenance, and end-of-life costs. Directive 2014/24/EU explicitly permits contracting authorities to use lifecycle cost as an award criterion, promoting value-over-time evaluation.
This term is part of the EU public procurement glossary on TenderMetric. To see how it applies in practice, browse live EU tenders or read our procurement insights.
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Last Reviewed: April 2026 ·
Data Methodology