How to Maximize Your Investments: Use Cleaning Services for Asset Management

At the BCCCA luncheon on January 27th, 2015, attendees were privileged to dive into the world of asset management during an enlightening workshop presented by Tim Clifford of Wood Wyant.

In this blog, we’ll provide the key takeaways from Tim’s comprehensive presentation on the critical role janitors play in the asset management of your floors and carpets.

Let’s explore how understanding and implementing asset management strategies can significantly benefit your business.

Recognizing the Significance of Asset Management

Floors: A Priceless Investment

For many of our customers, their floors represent a substantial investment.

Floors endure a level of wear and tear unmatched by other surfaces.

Shockingly, it’s estimated that a whopping 80% of the dirt entering a building does so via hard water.

Properly caring for these floors is not just about appearances; it’s about safeguarding a valuable asset.

The Complexity of Floor Care

In today’s world, maintaining floors is more challenging than ever.

The diversity of flooring surfaces demands a deep understanding of each to extend their lifespan. And a given facility might have multiple types.

The goal is not merely to keep them looking good but to ensure they reach their full expected life span.

Doing More with Less

Are you constantly asked to do more with fewer resources? Do some floors stubbornly appear dirty despite your cleaning efforts?

If you’ve answered “yes” to either of these questions, it’s a clear indication that you need an effective Asset Management Program.

But are your cleaners using the right method and optimizing their practices for your facility?

People Assets: Labour and Challenges

Labour: A Major Expenditure

Labour constitutes one of the most significant expenses in any contract.

Different floors require varying amounts of time for cleaning, drying, and ensuring safety.

Modern floor types present unique challenges and making sure you’re using the right amount of time for the right asset is crucial to getting optimal longevity and consistent appearance.

Paying for less time now, when more is needed, will end up costing you in the end. Make sure your cleaners aren’t just saying “yes” to get your contract–have they provided you with insight into the best solution?

The Right Tools for the Job

Efficiency is key, and the right tools can make all the difference.

A commercial cleaning company worth its salt will have developed the most effective and efficient methods based on the best tools.

They should focus on ergonomics, safety, and productivity to optimize their labour resources and provide you with the best outcomes.

Balancing Short-Term and Long-Term Costs

Money Matters: Short-Term vs. Long-Term Costs

Managers tend to concentrate on short-term costs, primarily labour and maintenance.

However, it’s essential to consider the long-term cost of the asset itself.

Saving a dollar per hour on labour might seem beneficial now, but it could significantly reduce the asset’s useful life.

The cost of having to buy new floors or carpets sooner than expected will be a far greater expense than opting for regular cleaning services done right.

Extending Asset Life: A Financial Win-Win

Consider this: the average life of an installed carpet is 5 years if not properly maintained, which can cost a client a substantial $50,000 annually (for a $250,000 asset).

By extending the carpet’s life to eight or ten years, the annual cost significantly decreases, presenting substantial savings.

This approach is not only financially attractive but also showcases your commitment to protecting your client’s investments and working toward greener and more sustainable practices.

Key Considerations for Floor Finish

The Right Finish Matters

When applying a finish to a floor, several crucial considerations often go overlooked.

Will the finish adhere to the surface? Could it potentially damage the surface? Is it possible to strip the finish without harming the underlying surface?

These factors play a pivotal role in successful floor maintenance.

Proactive Maintenance: Capture the Unseen

Implementing daily maintenance programs can capture the 10% to 40% of dirt and debris that often evade the matting placed outside the door.

These programs ensure a cleaner, safer, and healthier environment.

Interim Maintenance: Avoiding Major Restorations

Regular, scheduled deep scrubbing can prevent the need for extensive restorative processes, such as stripping the floor surface.

Avoiding these intensive tasks saves time, money, and resources as well.

Investing in Asset Management for a Brighter Future

By delving into the world of asset management, you’re not only enhancing the aesthetics of your workspace but also safeguarding your client’s investments.

If you’re interested in extending the life of your assets, like flooring, carpets, windows, and more, reach out to Metropolitan Building Maintenance to find out how we can help.