When people ask me this question, I think they expect a simple answer based on a few factors. It seems like you should be able to say maintenance costs are typically some set percentage of your operating budget, based on things like business type and the age of your equipment.
Unfortunately, the answer is usually much more complicated. Maintenance costs for an apartment complex will be much different than maintenance requirements for a high-production manufacturing facility. If a building and equipment are relatively new and have been maintained well, your costs will be lower than in an older facility that has been neglected. Operating your business in a small Midwest town will result in labor costs that are lower than running your company on one of the coasts.
That said, there are a set of guidelines that can be applied to just about any organization when setting your maintenance budget:
By adhering to these guidelines, your organization will be well on its way to setting a reasonable maintenance budget now with sights on reducing costs while improving performance in the future.
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