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Don’t Let Facilities Maintenance Budget Cuts Undercut Performance, Compliance, and Safety

Performance, Compliance, and Safety

Businesses are facing unique and evolving challenges. These include inflation, burgeoning energy prices, and evolving regulatory pressures. These factors all impact a business’s bottom line and the challenge to maximise productivity and value.

In trimming the fat for budgets, facilities maintenance is an easy target for budget cuts. However, this overlooks the different touchpoints of potential benefits and savings that come from optimised maintenance processes.

 

The threat of budget cuts

recent study showed that 60% of respondents had their maintenance budgets cut by a quarter over the past year. The same study revealed that a third of respondents believed this affected the safety of their operations and had experienced accidents or near misses. Only a third of the respondents from the study had conducted thorough risk assessments over the year.

Deferring maintenance has its risks and budget considerations. Depending on the application, putting off today what must be done tomorrow could cause costly additional damages, delays while you wait for spare parts, operational downtime, and profit losses. Managers may have no option but to go over budget in such cases for continuity.

 

How facilities maintenance services benefit budgets

Tailored facilities maintenance strategies

Our team of facilities maintenance professionals tailor maintenance strategies around your budget and your needs. We create a blueprint for compliance that guides commercial facilities in order of priority to ensure your equipment and buildings (and, with them, your teams) are working at their best.

 

Commitment to compliance

For most of our clients, keeping up with compliance is a key objective for their maintenance plans. To avoid penalties and to ensure health and safety standards for workers and customers, working with professionals frees up internal resources and ensures high compliance standards are met.

 

The cost saving benefits of facilities maintenance

Maintenance comes at a cost, but it can also lead to savings. As part of our services, we alert our clients to simple upgrades for improved systems. We provide insight on priority areas that could prevent expensive future outlays, allowing time to plan and budget.

Focusing on energy efficiency can bring many cost-saving opportunities. Installing smart meters, monitoring and understanding consumption data allows for targeted energy saving plans to be developed. These changes have the potential to yield easy cost savings. We provide comprehensive energy management solutions, which align with compliance requirements.

Additionally, well-maintained machinery and equipment tend to run more efficiently. This entwines planned preventative and condition-based maintenance processes with energy considerations – and averts the cost and disruption of reactive maintenance processes mentioned above.

 

Keeping up for competitiveness

Digital innovation is driving change in maintenance protocols. With easy competitive gains for businesses that utilise these tools, the advantages brought by IoT live building monitoring, for example, are set to become the norm.

FM trends that have taken root on this front include automation, building and energy performance optimised by data, and workplace improvements that are focused on wellness and providing the best setting for productivity.

The accessibility of these data insights provides total transparency around the status of maintenance projects and compliance. It is also an accurate indicator of return on investment and ways to pivot for savings.

 

Work with Voltix, the problem-solvers

Contact Voltix Services today for comprehensive facilities maintenance solutions. In even challenging buildings, we work with businesses of all sizes and across all sectors for maintenance success.