The article analyzes the concepts of a life cycle contract (LCC) from various sources, and is also considered as a promising contractual mechanism for public-private partnership. A study of the definition of LCC has been conducted and the results of the most significant ones have been summarized. SWOT analysis options for key participants in contractual activities are presented. The weak points of the participants are analyzed, recommendations are given on strengthening the activities of the participants of the LCC. The positive aspects of the implementation of LCC for the public partner and the partner from the private sector were also noted, providing recommendations for improving the effectiveness of cooperation. The main positive side for the public partner is the management of the facility through all stages of the life cycle by a private partner (idea, pre-design stage, design, construction, operation, disposal or reconstruction). Accordingly, the main positive side for a partner from the private sector is government subsidies, the opportunity to participate in government projects, recognition from state corporations, etc.