When you’re busy, it’s easy to overlook some maintenance tasks, particularly those targeting items that are currently in good repair. Letting preventative maintenance slide is a mistake, though, for a variety of reasons.
When your preventative and predictive maintenance program is inconsistent or not clearly defined or followed, you could experience more downtime than you’d like. Maintenance emergencies never happen at a “good” time, so deferring maintenance is a recipe for disaster. According to Facility Management Magazine, preventative maintenance saves time and money — and benefits your brand in other ways as well.
7 Ways Preventative Maintenance Will Save You Time and Money
Prevent Costly Repairs: If you’ve ever had to call a plumber, electrician or roofer for a last minute emergency repair, then you know how costly they can be. Including a strategy for preventative and predictive maintenance into your integrated facility management procedures ensures you never have to find out just how costly an emergency HVAC repair can be.
Prevent Downtime: When you can’t safely access your facility or it is too uncomfortable to work in, you’ll lose money. Every day your employees can’t work and your customers can’t shop is a loss, and most brands can’t afford to miss out on even a few days of revenues. If your facility is too hot because the HVAC wasn’t cared for properly or the bathrooms are flooded because little, needed repairs were not made, you won’t be able to access your building at all.
Save Time: You’ll spend less time fixing problems when you create a strategy for preventative maintenance. When your maintenance and routines are already scheduled, you won’t have to worry about remembering or fitting things in. Want to save even more time? Use a facilities management company to do the work for you instead.
Save Money: From buying supplies in bulk because you know what you need to coordinating planned maintenance so only parts of your facility are impacted at a time, a preventative maintenance program is a huge time saver. Preventing costly repairs and emergency work will also save you a bundle.
Improve Budgeting: You’re better able to plan for upcoming expenses, both routine and capital expenses that only occur occasionally. When you have a plan, you know what to budget for and what to expect. Your Capex projects and budget will more closely align with what you are actually spending.
Acquire and keep better tenants: A building that is in poor repair, that has lots of deferred or skipped maintenance and that has features that don’t work won’t be much help when it comes to attracting new tenants. It can even impact your overall tenancy rate by driving away those who are currently in place. When your facility is well maintained, it is far easier to attract quality tenants and to keep them. The less advertising you have to do to replace a high turnover rate of tenants, the more money you’ll have to invest in your business.
Keep your employees: There is a direct link between employee retention and property maintenance, according to Chron Small Business. a facility that is in poor repair or that is not cared for will drive away even the most loyal employees. Since employee turnover is incredibly costly, not caring for your property could have a drastic impact on your bottom line.
Eliminate the Risk of Downtime with Predictive Maintenance
Businesses defer maintenance for one of two main reasons: lack of time and lack of money. When you are pressed for time, the last thing you want to do is address your regular, scheduled maintenance procedures, but when you let things slide, you risk eventual problems that will interrupt your business and be far more time-consuming to fix. If affordability is a concern, the costs for caring for your equipment and facility while it is in good repair are far less than it costs to make emergency repairs or deal with downtime.
Both of these problems — not enough time and not enough money — can be cured when you work with a facilities management company. A good building management brand will take care of all the predictive maintenance details for you, from determining the right schedule to performing the actual work. You’ll also save money when you work with a single brand for your facility management needs; when one provider offers multiple services, you’ll get a package rate that covers everything you need. This is generally far less than you’d pay multiple individual providers and can be planned for in your budget as a predictable expense.
If you’re delaying maintenance for any reason, you’re courting disaster — and the interruption of your business. Let us help you not only create a wise maintenance schedule designed to fully address your needs, but implement it as well. We understand how important it is to keep your facility in great repair and can ensure you never delay things because you lack time or money again.