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Life Cycle Cost Savings Formula

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What Does Your Floor Actually Cost? An Insight into Life Cycle Cost Savings

The initially higher cost of installing a thicker, fit-for-purpose flooring solution can lead businesses to opt for a cheaper alternative, however this logic often backfires and ends up costing the company more money over time.

This point was exemplified by a formula on lifecycle cost considerations devised by Flowcrete Group Ltd.’s Technical Director, Grant Adamson. The equation takes the initial expense of a floor and adds annual maintenance costs such as cleaning, repairs and upkeep as well as the price of replacing a failed floor, including the costs incurred by shutting down production. The formula is:

Lifecycle Cost Considerations (LCC) Formula

  • LCC = C + MPW + RPW
  • The capital cost (C) of a project includes the initial capital expense for engineering, products and installation.
  • Maintenance (M) is the sum of all yearly scheduled operation and maintenance associated with floor repairs.
  • (R) is the replacement cost of a failed floor, including the financial impact of shutting down production.

When you take a 15-year view of flooring, the longevity of polyurethane systems makes it one of the cheapest materials available. On average a 100 m2 polyurethane floor will cost approximately £8,400 over 15 years, whereas epoxies are typically £9-10,000, carpet comes in at £15,000 while vinyl flooring and linoleum can cost in excess of £19,000.

In some circumstances, the cost of a floor failure can exceed even what the above formula is able to calculate. One particularly illustrative example of this is in the food industry, when a food borne illness outbreak starts out as contaminant build-up in the hard to clean gaps and cracks of a deteriorating floor and from there goes on to infect produce.

To find out more about specifying a floor that will provide a high performance, fully optimised finish for the long term, get in touch with the experts by clicking here (for food industry specific advice email thefoodteam@flowcrete.com).

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Dan Ash

Daniel Ash is the PR & Media Manager at the global resin flooring manufacturer Flowcrete Group Ltd. Dan's role includes creating press releases, blogs, white papers and case studies on Flowcrete products and projects as well as educational content for construction industry professionals.

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