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Life cycle cost in construction projects is a process of economic decision analysis, which helpstaking decisions on investments in new construction. These decisions on investments are analyzed forthe payback over the life of the investment. Life-cycle costing makes it possible for the whole lifeperformance of buildings and other structures to be optimized. This paper introduces the concept oflife-cycle costing in the Nigerian construction industry. It briefly explains monitoring costperformancedoi:10.6084/m9.figshare.12093366 fatcat:5hym63ei7fdr3f5jovwyymr26i