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O&M/LCC Costing
The life cycle cost of an asset represents a single economic valuation of the total costs, risks, and other business impacts associated with ownership over its life cycle. It's important to know what your costs are for today and tomorrow. GFMA has adopted the best practices for O&M and Lifecycle Costing (LCC) that include guidance from ISO 15686-5, ISO 15686-10 Service Life Planning, and BSRIA BG 67 Life Cycle Costing. Our approach to determining the cost is based on industry-specific knowledge and expertise. It is important to consider all of the information as it relates to the asset's value and the strategies to preserve it.
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