|Overall Rating||Silver - expired|
|Submission Date||April 14, 2015|
Raritan Valley Community College
OP-16: Life Cycle Cost Analysis
|0.50 / 1.00||
Sustainability and Energy Coordinator
Facilities and Grounds
Does the the institution employ Life Cycle Cost Analysis (LCCA) as a matter of policy and practice when evaluating energy and water-using products and systems?:
Does the institution employ LCCA as a matter of policy and practice across the operations of the entire institution (i.e. all divisions)?:
A brief description of the LCCA policy(ies) and practice(s):
LCCA is performed prior to requesting approval from Finance to fund the expense. Energy and water savings and associated cost savings, as well as longevity of the product and maintenance costs, are figured into the ROI to justify the purchase.
We use LCCA in more areas, except for calculating NPV (net present value). We don't do that part on new academic offerings.
The website URL where information about the institution’s LCCA policies and practices is available: