Minimizing Maintenance Costs with Durable Raw Materials
The cost of building materials is constantly increasing, since many of them are made using natural resources that are on a rapid decline. For real estate companies to thrive in this economy, it is necessary to find ways of cutting costs without compromising on the final quality that is delivered. Reducing operational costs will not only mean that the entire operation is highly efficient, but also that the work being done reflects great productivity. Let us learn how we can work on lowering maintenance costs by incorporating durable raw materials into our construction work.
- Negotiate Contracts with Current Suppliers
If your organization has been working with your raw materials suppliers for a while, you must have already built a solid relationship with them. Whenever you are signing a new contract, negotiate a deal to get the best value for your money. Remember, while quality is key, it is always appreciable when you can knock off some more money from your yearly expenditure.
- Choose Great Quality from the Start
Prices do matter in the long run, when they present a reflection of your expenditure. However, lower prices do not necessarily mean that you need to compromise on great quality. Look around and do your research before investing in any raw materials to make the most of whatever your company buys for use.
- Always Track and Manage your Inventory
It is the mark of a good manager when an inventory is well-maintained. This means that you will need to conduct regular checks – monthly, quarterly, half-yearly and yearly. Keeping ahead of stocks and refilling them before they are running out, while simultaneously making sure that liquid cash is not held up in expensive stocks – is crucial to the financial wellbeing of the organization.
- Minimize Daily Waste
Often, many processes like making of Reinforced Concrete Panels, or mixing cement for mortar, are processes that need to be completed right before these materials are used. To minimize daily waste, make sure such materials that need to be used up immediately are measured out properly and mixed on instead of ahead of time. Preventing waste can go a long way in minimizing operations costs. You should also keep track of utilities to make sure they are not being overused, particularly electricity during the humid summers of Bangladesh.
- Train & Equip your Team
When we hire new construction workers on-site, we must ensure that they are used to our techniques of saving on operational costs. Workers need to know what measurements to use for plaster, mortar etc., where to store raw materials that will be required on a daily basis, etc, especially during the monsoon. When your team is fully trained and equipped, they will all be working as agents to minimize operations costs.
High quality raw materials will allow your organization to keep building sustainable structures while keeping costs low. This will allow your real estate firm to keep making profits while delivering on quality. It will also make your structures more durable and long-lasting, standing for generations to enjoy.
