Abstract:
This study investigates the challenges and solutions associated with implementing Life Cycle Costing (LCC) for the
procurement of medical laboratory equipment in selected federal healthcare institutions in Enugu State, Nigeria. Despite widespread
awareness of LCC among procurement officers, biomedical engineers, and laboratory scientists, its practical application remains
inconsistent across procurement stages. The study employed a mixed-methods research design, combining quantitative data from 273
usable questionnaires and qualitative insights from semi-structured interviews and focus group discussions. Findings reveal that while
respondents possess knowledge of key LCC methods, including Internal Rate of Return (IRR) and Equivalent Annual Cost (EAC), and
are aware of major cost parameters such as initial investment, operational, and maintenance costs, the actual integration of LCC into
planning, implementation, and evaluation is limited. Significant challenges hindering effective LCC adoption include inadequate
institutional guidelines, insufficient training, insufficient data quality, and the absence of appropriate software tools. The study further
identifies the benefits of LCC in improving cost forecasting, risk assessment, scenario analysis, and profitability, highlighting its
potential for sustainable procurement practices. To bridge the gap between awareness and practice, the study recommends capacitybuilding initiatives, the development of standardised LCC frameworks, the investment in software tools, and the integration of LCC
into institutional procurement policies.