Total Cost of Ownership Analysis (TCO)
Buying with figures at hand!
The abbreviation TCO is used by professional product buyers. TCO indicates the total cost of an investment for the entire life cycle of the product including purchase, transport, installation, maintenance (labour and spare parts) and end scrapping.
A system that complies with applicable standards, installed in a workmanlike manner and kept in good condition (by means of an inspection and maintenance schedule) lowers TCO costs.