We all know that preventative maintenance helps in a number of ways; increasing the lifespan of equipment and preventing backlogs. An added benefit is that it can also help lower the bottom line. In fact, maintenance costs can be as much as three times higher without preventative maintenance.
Here are a few ways it helps with the budget:
Lowered Repair Costs
Preventative maintenance helps with repair costs in a number of ways. It can catch issues before they get out of control. It may be that there is a leak somewhere in your facility, noting the issue and addressing, allows you get it fixed before it gets bigge. It also allows you set it up as a scheduled check, therefore reducing possible rer or that the HVAC equipment needs servicing, which helps keep it working longer.
Decreases Business Operations Costs
Something as simple as a dirty filter adds stress to the air intake system and increases energy consumption, but preventative maintenance breaks the inefficient cycle, saves energy and reduces costs. Your budget is there to cover the things you need for the maintenance department and if you are having to spend more money on larger repairs due to not keeping them in good working order then business operations costs are higher.
Read More: Keep Projects On Budget
Protecting Your Assets
Your large equipment and larger assets need regular maintenance in order to ensure their longevity. Repairs nip away at the budget, but replacement takes out a serious bite. For high cost items, such as a new roof or flooring, costs can skyrocket. Maintenance helps preserve the expected lifespan of expensive fixtures and systems and reduces the risk of unexpected failure.
These are just a few of the ways that preventative maintenance helps lower the budget and operational costs. Being proactive instead of reactive helps your entire department run smoother and keeps repairs from becoming overwhelming while finding issues before they become a problem.
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