Life-Cycle Cost Procurement Act

[AI summary unavailable — showing source text] Life-Cycle Cost Procurement Act - Requires the Administrator of Federal Procurement Policy to prescribe rules to encourage or, as may be necessary, to require that procurement by Federal agencies be done on the basis of lowest life-cycle cost. Defines "life-cycle cost" as the total cost of an item or system including its cost of acquisition, operation, energy use, support, and disposal.…