{"id":3307,"date":"2011-11-20T00:44:00","date_gmt":"2011-11-20T05:44:00","guid":{"rendered":"https:\/\/eptura.wpengine.com\/discover-more\/blog\/how-can-facility-maintenance-reduce-costs\/"},"modified":"2024-07-17T11:35:54","modified_gmt":"2024-07-17T15:35:54","slug":"how-can-facility-maintenance-reduce-costs","status":"publish","type":"post","link":"https:\/\/eptura.com\/discover-more\/blog\/how-can-facility-maintenance-reduce-costs\/","title":{"rendered":"How can facility maintenance reduce costs?"},"content":{"rendered":"

Facilities are a source of ongoing costs for any business. Aside from the lease itself, facility upkeep requires no small budget and even the best planning can\u2019t account for every cost that\u2019ll arise throughout the year. Most businesses accept the cost of facilities outright, which is why they don\u2019t always see opportunities for facilities maintenance to save money. How can facility maintenance reduce costs?<\/p>\n

There are actually ample prospects for facilities maintenance cost savings if you know where to look. Too many stakeholders only look at the balance sheet and see the cost of facilities maintenance in the expense column. What they\u2019re missing is the offsetting value of good facilities maintenance and opportunities to consolidate some of those costs into even more value. Here\u2019s how.<\/p>\n

What are the largest maintenance costs?<\/strong><\/h2>\n

The simplest way to identify cost-saving opportunities is to identify the largest costs associated with facilities upkeep. What (or who) are you spending the most money on, and what are you getting for that price? Approach these expenses from both a cost and a value standpoint.<\/p>\n

Let\u2019s say 26% of your facilities budget went to HVAC this year\u2014more than a quarter of your total spend Dive deeper. How much of that was standard, proactive maintenance vs. repair costs or emergent expenses? If you find that 86% of your expenses went to proactive costs, it signals good value, despite the high allocation. Conversely, if a significant portion of your costs went unbudgeted, it signals inefficiency and opportunity to explore cost-saving options. Perhaps a newer, more efficient rooftop HVAC unit?<\/p>\n

Comb through your maintenance expenses, first by cost, then by value. Opportunities for expense reduction will quickly start to stick out.<\/p>\n

Explore cost-saving opportunities<\/strong><\/h2>\n

As you start to identify inflated expenses, ask yourself: how can facility maintenance services be improved around these expenses? Approach specific costs from as many angles as possible to determine viable options to reduce expenses. Some examples include:<\/p>\n