Professional Documents
Culture Documents
Lifetime Costs
Presented by:
Jayson L. Helsel, P.E.
KTA-Tator, Inc.
Learning Outcomes
Completion of this webinar will enable the
participant to:
Define various service environments
Identify suitable coating systems for intended
service
Describe a typical maintenance painting sequence
Calculate installed cost for coating systems
Perform economic analysis
Calculate coating lifetime cost
History
Based on Expected Service Life and Cost
Considerations for Maintenance and New
Construction Protective Coating Work,
presented at NACE Corrosion 2008
Data from survey of contractors and
coating manufacturers
Data presented in SSPC Painting Manual
Volume 1, Good Painting Practice, Chapter
10.2, Comparative Painting Costs
Typical Maintenance
Painting Sequence
Original Painting
Spot Touch-Up and Repair
Maintenance Repaint
Spot prime and full overcoat
Full Repaint
Total coating removal and replacement
Typical Maintenance
Painting Sequence
Spot Touch-Up and Repair
The first time coating repairs are made
Intended to be completed at the
Practical Life (from Tables 1A or 1B)
Typical Maintenance
Painting Sequence
Maintenance Repaint
Estimated to be the Practical Life plus
33%
e.g. P x 1.33
Typical Maintenance
Painting Sequence
Full Repaint
Expected to occur at the year of
Maintenance Repaint plus 50% of the
Practical Life
e.g. Maintenance Repaint year + [P x 0.5]
Maintenance
Painting Example
Service Environment: C3
Surface Preparation: Abrasive Blast
Cleaning
Coating system: 2 coat epoxy
P life = 12 years
Spot touch up @ 12 years
Maintenance repaint @ 16 years
Full repaint @ 22 years
Cost Data
Current material costs
Current shop painting costs
Current field painting costs
Cost Data
Current material costs
DFT
Theoretical cost per sq ft
Practical spray
Practical brush/roller
Cost Data
Current shop painting costs
Surface prep cost per sq ft
Paint application cost per sq ft
Hot dip galvanizing cost
Cost multipliers
Size of job
Member size for galvanizing
Cost Data
Current field painting costs
Surface prep cost per sq ft
Paint application cost per sq ft
Cost multipliers
Size of job
Complexity of structure
Existing conditions
Cost Comparisons
Shop vs. Field
Shop abrasive blast cleaning and
priming approximately half of field cost
(minimum of 250 tons of steel)
Cost Comparisons
Cost Comparisons
Cost Comparisons
Shop applied inorganic zinc vs. hot
dipped galvanizing
75,000 to 125,000 sq ft steel
Moderate service environment (C3)
35 year structure life
4% inflation & 7% interest
Economic Analysis
Net Future Value (NFV)
How much will it cost, in inflated dollars
in the year scheduled?
NFV = Current Cost [(1 + i)n]
i = inflation, n = years
Economic Analysis
Net Present Value (NPV)
The present worth of the inflated cost (in
monies today invested at current
interest rates)
NPV = NFV (1/ [(1 + i)n] )
i = interest, n = years
Economic Analysis
For each coating system:
Timing and number of painting
operations
Cost of each painting operations
Carry out for projected life of structure
Economic Analysis
Present value analysis
For each painting operation calculate:
Current cost
Net future value
Net present value
Economic Analysis
Average Equivalent Annual Cost (AEAC)
Converts entire stream of present and future
costs to a present worth (NPV)
Distributes that sum in equal annual
amounts over the structures life
Represents coating lifetime or life cycle cost
Summary
Coating system selection
Surface preparation and service
environment
Determines Practical life
Material costs
Shop or field preparation and application
Economic analysis
Life cycle cost