Tarkett launches life cycle cost analysis tool

Tarkett released a third-party assessed digital Life Cycle Cost Analysis (LCCA) tool said to compare all types of commercial flooring.

Solon, Ohio— Tarkett released a new, third-party assessed, digital Life Cycle Cost Analysis (LCCA) tool said to compare all types of commercial flooring, including product categories not currently offered by Tarkett.

According to Tarkett’s research, 92% of facility managers surveyed find Total Cost of Ownership (TCO) or LCCA to be key drivers in their decision making, but only 12% of those surveyed have actually conducted an LCCA. There are several reasons for this discrepancy, according to Tarkett: There hasn’t been a reliable LCCA tool available; accurate cost analyses have been too time consuming; and managers have a general lack of knowledge and resources to conduct an analysis.

As a result of this, too often, the only financial information taken into account when making a commercial flooring selection is the initial purchase cost, the company said. This does not take into account the longer-term costs of installation, maintenance and premature replacement, which cause future budget constraints. The new tool includes a floor’s installed cost (national averages for product purchase, floor prep and installation costs), as well as maintenance costs, as calculated by The World Cleaning Industry Association (ISSA). The result is said to be an unbiased cost analysis that helps facility managers feel confident in making informed purchase decisions.

Special features of the LCCA tool include:

  • Compare up to three flooring categories at a time
  • Default to the national averages for flooring costs, or use the sliding scales to adjust to known local costs
  • A PDF with LCCA results are immediately sent to your inbox
  • Option to request follow-up from a Tarkett representative
  • Phase II of the tool will include a mobile application

“Tarkett aims to create the easiest customer experience in the industry,” said Jeremy Salomon, Director, Segment Strategy for Tarkett North America. “We know that’s a tall order, but when we see a clear need like this, we get to work. The LCCA tool will help our sales team answer important questions about flooring options. But more importantly, it’s going to make our customers’ lives easier, by giving them the information they need with just a few quick clicks of the mouse. We’re really excited to offer this solution.”

The tool can be accessed here.

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