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L

Legal Eligibility

Refers to having the legal capacity to act as an entity as evidenced by permits, licenses, and/or registrations required by law to engage in the business of manufacturing, distributing, or delivering the Goods, Infrastructure Projects, or Consulting Services being procured.

Life Cycle Cost

Refers to the total cost of ownership over the entire life span of an asset covering its acquisition, operation, maintenance, and disposal.


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