Every facility manager has the same problem: how to do more with less? Facilities managers are under constant pressure to lower the price of almost everything. That’s why they are always on the lookout for new ways to cut repair costs. While deferred maintenance might shrink short-term costs, it often causes wide-ranging long-term costs. Below are some of the true costs of deferred maintenance
Lower Equipment Effectiveness
One big hidden cost of deferred maintenance comes from its effects on equipment efficiency. When equipment isn’t properly maintained, this increases the amount of energy needed to make it work correctly. As a result, the equipment has to work harder—and use more electricity, which drives up costs needlessly.
Prolonged deferred maintenance may result in entire system failure. In HVAC systems, for example, certain components need to be replaced from time to time. That unfortunately means that the immediate price tag of replacing these parts could seem like a huge expense, but continued use of damaged or impaired components can likely cause failures across the entire system.
Put simply, the faster you can do a repair, the better for your facility and your bottom line. Being proactive can radically grow the efficiency of staff, your facility and the long-term health of your facility’s valuable equipment. Abandoning preventative and routine maintenance can only lead to trouble down the road—trouble that will be way more costly than taking the proper measures to fix problems as they occur.
Want to know more about the dangers of deferred maintenance? Call the maintenance experts at MaintenX today!