Evaluation of GSA Efforts To Implement Life Cycle Costing for Procurement of Commercial Products
PSAD-81-14
Published: Nov 19, 1980. Publicly Released: Nov 19, 1980.
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Highlights
Life Cycle Costing (LCC) is a procurement technique for evaluating the total cost of a product over its useful life. LCC provides a means to insure that procurements are most advantageous to the government in regards to price and other factors considered in accordance with Federal Procurement Regulations. The General Services Administration (GSA) has had the responsibility of coordinating and publicizing governmentwide LCC efforts.
Recommendations
Recommendations for Executive Action
| Agency Affected | Recommendation | Status |
|---|---|---|
| General Services Administration | The Administrator of GSA should give higher priority to LCC efforts and commit the staff needed to (1) develop LCC policy and procedural guidance for inclusion in applicable procurement regulations; (2) develop a mechanism to coordinate and publicize governmentwide LCC efforts; (3) resume LCC workshops for procurement personnel; and (4) expand the use of LCC for procurements of commercial products by FSS. |
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Contract costsCost controlCost effectiveness analysisFederal procurementFederal procurement policyInteragency relationsLife cycle costsPolicy evaluationPricing surveysProcurement