An evaluation methodology considering all costs associated with acquiring, operating, maintaining, and disposing of a product or system over its full life. Used increasingly in IT, vehicle, and equipment procurement as part of MEAT evaluation to avoid lowest-purchase-price bias.
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