Life-Cycle Costing in Public Procurement in Hungary
Stocktaking of Good Practices
This report provides Hungary with key recommendations and policy options to establish comprehensive and user-friendly methodologies and tools for the greater uptake of life-cycle costing (LCC) methodology in public procurement. The report introduces the concept of LCC and its links to the wider sustainable public procurement agenda, and maps the current practices in Hungary and existing LCC tools in other EU and OECD countries, with a view of drawing insights to promote the development and uptake of LCC tools.
Life-cycle costing as a tool in mainstreaming green public procurement
This chapter introduces the concept of life-cycle costing (LCC) and its links to the wider sustainable procurement agenda. It looks at the definition of LCC and how it has emerged as a tool for both cost savings and reducing environmental impact. The chapter also establishes the difference between LCC and similar concepts applying the life cycle approach, and discusses how they interact. Finally, it explains how LCC can be used throughout the public procurement cycle.
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