Total Life Cycle Value-Why the Purchase Price of ICI Meters Means Less Than You Think | Neptune Technology Group

Total Life Cycle Value-Why the Purchase Price of ICI Meters Means Less Than You Think

When you are evaluating Industrial, Commercial, and Institutional (ICI) water meters, the purchase price at times seems to be the single-most important factor to consider. The purchase price of an ICI meter is an important factor; however, it should not be the only one. There are several other areas – both “hard” and “soft” costs – you should be prepared to examine closely in order to develop an accurate assessment of the meter’s overall value. This more detailed analysis, often referred to as a Total Life Cycle Value (TLCV) analysis, could result in spending more upfront to achieve lower costs and higher revenues over the long-term life of the meter.

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