Courses
Life Cycle Costing and use of Rated Criteria in Procurement of Infrastructure Projects (LCC)
December 1st to 3rd, 2025
The World Bank Procurement Framework encourages use of Rated Criteria to combine quality and cost in the use of life-cycle costing (LCC) to obtain value-for-money (VfM). By integrating price and life cycle cost calculations, rated criteria offer a more accurate evaluation of value, emphasizing quality, sustainability, and other essential factors. This method encourages highly qualified bidders by providing them with greater flexibility to deliver customized and innovative solutions.
