Equivalent to Total Cost of Ownership — the complete cost of a product, service, or works over its entire operational life, including acquisition, installation, operation, maintenance, and disposal. Increasingly mandated in construction and major equipment procurement to drive sustainable value.
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 ·
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