What are the benefits of proactive asset management, maintenance and restoration in parking facilities?

1 year ago by in Asset Management, Expansion & Renovation, Operations

Today more than ever, owners need to use creative and efficient strategies to reduce costs.  As a result of the recent economic crises, owners and decision makers carefully consider where funds are spent, and evaluate ways to cut costs.   Many owners are looking for opportunities to protect and maintain the parking assets they have, rather than build new facilities.

One proven, effective approach to lower costs is consistent assessment and facility maintenance of structural assets, including structured parking.  Parking assets should be regularly examined for any signs of structural or aesthetic concerns, and should receive immediate attention when potential issues are identified.  When assessment and maintenance are a high priority, owners and facility managers can readily identify and target maintenance and repair issues.  Costs associated with correcting minor issues early on are significantly lower than those issues which stem from neglect, and lead to more detrimental conditions, and potential liability.

Technologies have improved significantly in recent years, giving operators and owners more control over the protection and preservation of their facilities, and encouraging more proactive and successful maintenance strategies.

The life of any parking structure is dependent upon the care it receives from its very beginning.  Owners can preserve their significant investment in parking structures, lengthening the service life, and the overall quality of the facility.  Consistent, quality maintenance is extremely important. From visual inspections during wash-downs or rainfalls to identify leaks, to a monthly review of all joints, a proactive commitment to establishing a maintenance program is the best way to ensure the long and useful life of these important assets.  Proper condition appraisals and maintenance policies and procedures extend the building life-cycle, so that these important assets can continue to operate successfully for years to come.