In a reality where funding is scarce and resources are limited, how can you best allocate those dollars to care for your most valuable assets?
Status quo: deferred maintenance
Much of the time, proactive maintenance is viewed as a cost. Those inspections and routine repairs are perceived as money out the door. This widely-held perception has led to deferred maintenance becoming the norm for many facilities.
Deferred maintenance is the practice of postponing maintenance activities such as repairs… in order to save costs, meet budget funding levels, or realign available budget monies. The failure to perform needed repairs could lead to asset deterioration and ultimately asset impairment. Generally, a policy of continued deferred maintenance may result in higher costs, asset failure, and in some cases, health and safety implications. (Wikipedia, emphasis added)
What if, instead, we could better tell the story of how investments in proactive maintenance are not costs but actually grow the bottom line?
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