HomeBusinessThe Financial Consequences of Neglecting Preventive Maintenance

The Financial Consequences of Neglecting Preventive Maintenance

Infrastructure Maintenance with Tunde Obileye

Every facility manager knows maintenance is important to keep building systems and equipment functional within a built environment. That’s why manufacturers include recommended timetables and procedures in user manuals.

However, with shrinking budgets and limited manpower, it is tempting to adopt a “run to fail” approach instead. This approach means allowing assets to operate until they break down, then performing reactive maintenance. Unfortunately, this happens far too often.

Even facilities maintenance teams that prioritize doing maintenance on time may have to focus limited resources on critical systems like life safety infrastructure. This may leave the less critical equipment vulnerable to early failures, which compounds the problem

Sometimes, maintenance on non-critical building infrastructure such as HVAC systems, fans, and even electrical and plumbing systems is deferred to either save cost, meet budget funding levels, realign available budget monies or due to lack of funds.

This may

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