Video: Understanding Life Cycle Cost

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Source: EFC at UNC Chapel Hill
Date: February 2019

When making purchases for your drinking water system, it can seem easiest to go with the cheapest option. But the initial cost is not the only factor to take into consideration. Life cycle cost considers initial cost as well as the cost installation, management, repairs, removal, and more in order to give a more accurate depiction of how much you will pay long term.

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