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Facility life cycle cost model

State law requires the Office of Financial Management (OFM) to establish, deploy and maintain the state’s life cycle cost model for conducting analysis of various facilities' solutions, including ownership and leasing. It also requires OFM to establish policies, standards and procedures related to this model.

The intent of the life cycle cost model is to provide comparable economic information for decision makers to consider when choosing among facility alternatives. Life cycle cost analysis is a projection of initial and on-going costs of ownership or leasing and operations for a facility or site over its useful life. It is usually one of many factors considered when making a decision to proceed with a facilities project. Other factors often include the business need, availability of funding, schedule constraints, jurisdictional and community interests.

Life Cycle Cost Model tools and instructions

Life cycle cost analysis can be detailed and complex. The Life Cycle Cost Model (LCCM) was created to provide a simplified tool to help decide the most economical option for housing state functions. Below are links to the model and associated documents.

Recent LCCA results

Other related documents

JLARC Report 07-05: Life Cycle Cost Model Update

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