Which of the following costs are included in the Contracting Life-Cycle?

The correct choice includes Acquisition costs, Supporting costs, Disposal costs, and Operating costs because these components comprehensively reflect the full spectrum of expenses associated with the lifecycle of a contract.

Acquisition costs encompass all expenses incurred during the procurement phase, such as costs for bidding, negotiation, and securing a contract. Supporting costs are necessary for managing and implementing the contract, including training and support resources needed throughout the contract duration. Disposal costs refer to the expenses associated with the final stages of the contract, including the risks and costs of disposal, decommissioning, or transitioning operations after the contract ends. Lastly, Operating costs represent the ongoing expenses needed to maintain activities during the life of the contract, such as utilities, staff salaries, and general overhead.

Recognizing all these cost components is essential for accurate budget planning and financial management in contracting practices. Understanding the full scope of costs involved allows effective decision-making throughout the contracting life cycle, ensuring that all potential expenses are accounted for and managed appropriately.