The global production of electric goods is at an all-time high, resulting in negative environmental and health impacts, as well as the continued depletion of natural resources. Considering the worsening global climate change, a transition of current industrial processes is necessary to tackle the factors mentioned above. Socio-economic systems like the Circular Economy (CE) provide options for a more sustainable society. Especially in terms of product lifecycle-prolonging, this system provides suitable approaches to prolong the use of products. Although the benefits of sustainable services enabling these options are known, they are not applied on a larger scale. The reasons for this are located at both the clients and service providers alike, and are associated with the lack of reliability in the expected pricing of a service and the monetary risk rooted in the inability to assess the condition of a product. To address these weak points in current service execution, the authors propose the Lifecycle Workbench (LCW)-ecosystem, which features digital representations to enhance the reliability of service pricing as well as the assessment of the condition of items, assemblies, and parts in the Circular Economy domain.