Replacing a Roof: Hot or Cold System?

The board of our six-story cooperative recently called in two contractors to look at our roof, which has needed replacing for some time. The first contractor recommended what he called a hot-mopped built-up roof while the second one told us that a cold-applied roofing system was more suitable for our building because we have a wood-frame roof deck. What exactly are hot-mopped and cold-applied roofs, and what are the relative advantages and disadvantages of each? Is there a standard type of warranty that we should expect with a new roof?

applying hot asphalt to a roof
In a built-up roof, successive layers of hot asphalt are applied using a mop.

Built-up Roofs

Modified Bitumen Systems

Cold-applied Systems

Wood Deck Considerations

Warranties

Maintenance and Care