The life cycle cost (LCC) of any piece of equipment is the total "lifetime" cost to purchase, install, operate, maintain, and dispose of that equipment. The components of a life cycle cost analysis typically include initial costs, installation and commissioning costs, energy costs, operation costs, maintenance and repair costs, down time costs, environmental costs, and decommissioning and disposal costs. As demonstrated by the graphic below, over 50% of the total LCC costs for a pumping systems installation is attributed to energy and maintenance costs.

Pump Systems Matter ^TM  (PSM) seeks to transform the market by changing owner and operator decision-making on pumping systems from a focus on first cost to a focus on life cycle costs for pumping systems, while helping pump users capture significant energy-savings and performance improvements.

To learn more about life cycle cost for pumps and pumping systems:

Download Pump Life Cycle Cost Executive Summary

Purchase Pump Life Cycle Cost Guide