According to a 2005 Roofing Industry Alliance for Progress survey of building owners, the three most important considerations for selecting a new roof are, in order of priority: 1) installed cost, 2) the quality of installation, and 3) life-cycle costs (LCCs). Of those three, the only surprise is the high ranking of LCCs, which is a relatively new concept. One reason for the emergence of LCC roofing analysis is the growing sustainable building movement, which endorses energy-efficient and long-lasting roofs. Both of these characteristics can contribute to lower roofing life-cycle costs.
Unlike installation costs, which have the precision and immediacy of a payable invoice, LCC estimates include future considerations like longevity, maintenance and repair, and potential savings from energy efficiency. LCC estimates are inherently less precise, but they are a useful guide to value over time.… – Drew Ballensky
Roofing LCC Checklist
At a minimum, building owners requesting a life-cycle cost estimate should expect it to include:
- The cost of the roofing system.
- The cost of installation (labor + overhead).
- Tear-off/disposal costs (not necessary for all roofing systems).
- Estimated maintenance costs.
- Estimated repairs (based on experience and type of roof).
- Potential energy savings.