Life Cycle Costing (LCC) is a technique to establish the total cost of ownership. It is a structured approach that gives the present value of the current and future expenditures for the development of a building and the operation and maintenance throughout its useful life. In general, LCC addresses all the elements of this cost and can be used to produce a spend profile of the product or service over its anticipated life-span. A LCC analysis can assist us in the decision-making process where there is a choice of options.