Although most people view regular building maintenance as a regular cost, it is really a necessary investment that over time will result in notable savings. Proactive maintenance of your building and its systems will help you to prevent expensive repairs, lower downtime, and increase asset lifetime. Here’s how consistent maintenance adds to long-term financial gains.
STOP EXPENSIVE CAPITAL SPENDING AND REPAIRS
Maintenance can be costly. Studies show that each dollar postponed in maintenance can translate into four dollars in capital renewal expenses down the road. Up to ten times more expensive than regular maintenance is running equipment until failure. Early resolution of small problems will help avoid more significant repairs and replacements, so upsetting operations and taxing your budget.
REDUCE DOWNTIME AND BOOST PRODUCTIVITY
Unplanned breakdowns cause downtime that could be quite expensive for companies. By means of maintenance management systems such as CMMS (Computerized Maintenance Management Systems), one can effectively plan and monitor maintenance activities. Businesses implementing CMMS say their unplanned downtime has dropped by 32% and their work order completion rates have increased by 53%. Reduced expensive interruptions and more seamless operations follow from this.
INCREASE ASSET LIFE
Regular maintenance helps equipment and building components last longer. By using real-time data to predict failures, predictive maintenance—which lowers maintenance costs by 8–12% and increases asset lifetime by about 20%—can help to save money by comparison with preventive maintenance alone. This approach maximize your initial investment and delays costly replacements.
REDUCE TOTAL MAINTENANCE EXPENSES
Although maintenance does cost money, it is far less than reactive repairs. Compared to reactive maintenance costs, predictive maintenance can save up to 40%. Preventive maintenance also helps to avoid usually more costly and disruptive emergency repairs.
USE TECHNOLOGY TO MAXIMIZE MAINTENANCE
Using predictive maintenance technologies and CMMS helps data-driven decision-making, streamlines labor, and enhances spare part control. By means of this proactive approach, maintenance becomes a strategic investment meant to control expenses and improve building performance.
