What is Deferred Maintenance?
Deferred maintenance, or deferred repairs, is a term used to describe the practice of delaying routine maintenance on equipment, machinery, or structures. It can also refer to the failure to perform necessary maintenance on a building in order to save money.
Deferred maintenance is often seen as a way to save money in the short term. However, when you do not take care of your equipment/structures/machinery, you end up paying more money later because they end up needing more expensive repairs when they break down due to neglect.
Is Deferred Maintenance Right for My Business?
Deferred maintenance is often a good idea for small businesses, but it can be a bad move for large companies. Here is why:
When you do not make repairs to your property or equipment until the equipment breaks or fails, you then have to make a big investment in repairs. This can often lead to increased costs and downtime, which can ultimately hurt your bottom line.
If you are a small business owner or manager, though, deferred maintenance may be an attractive option because it allows you to keep your overhead low. When you consider that most people believe that deferred maintenance hurts their company's bottom line in the long run — and that many people are willing to pay top dollar for new equipment — you may decide that deferred maintenance is right for your business.
If you are considering deferred maintenance as an option for your company's equipment and infrastructure, an important thing to keep in mind might be how old your equipment is. If it was installed within the past five years, there is probably no reason to put off fixing it now. It might even be worth investing in newer technology if it would help increase productivity or efficiency within your company!
Possible Cons of Deferred Maintenance
The main disadvantage of deferred maintenance is that it can lead to major problems down the road. When your building's systems are working properly, they help keep your costs down. That is because they are designed to last a long time and they are easy to use.
However, when these systems start breaking down or stop working altogether, you have to pay for repairs or replacements — which can be expensive. In addition, the longer it takes for you to fix these issues, the more damage they will cause and the more difficult it will be for you to get them fixed.
The best way to avoid this problem is by taking care of your equipment before it breaks down so you will never have to deal with these issues at all!
