• BBB Accredited

    Haakon HVAC Services has just become newly accredited with the Better Business Bureau. Keep a look out for our new BBB logo on our vans. March 29th, 2017

  • Two New Apprentices

    We are thrilled to welcome Chris L. and Bachint S. to the team. They bring a positive attitude and a passion for doing what's right. Looking forward to seeing these two progress through their apprenticeship. February 14, 2017

  • Tony Oliveira joins the Haakon Team

    We are pleased to announce the Tony Oliveira has joined our Vancouver Service Group. Tony has excellent technical skills and many years of experience. This combined with his friendly manner will be a real asset to our crew!

  • Haakon Service Marks 30 Years

    The Haakon Service Division past the 30 year mark in August 2013. We wish to thank all our clients and staff for their support in helping us to achieve this milestone. We look forward to the next 30 years!

Determining the Economic Value of Preventive Maintenance

Preventive maintenance has been more popular in principle than in practice over the years. One scarcely can argue with the idea of keeping equipment well maintained to extend its expected life and avoid future repair costs. Less clear is an understanding of the actual relationship between the cost of preventive maintenance and the returns such activities can be expected to deliver. This article describes a process of assessing the value of preventive maintenance programs and activities by analyzing them in terms of key financial ratios.

Engineers and building operators trying to persuade property owners and managers to invest in preventive maintenance (PM) for their portfolios offer a range of solid arguments:

Although most owners acknowledge these issues, they may be more concerned with saving money and obtaining optimum value from their investments.Given that perspective, a more convincing argument for preventive maintenance would demonstrate that PM generates a solid rate of return in terms of risk mitigation and asset protection.Anecdotal evidence does suggest that preventive maintenance is valuable.Until now, however, no one has placed a firm value on the relationship between costs and returns. For one thing, the economic value of preventive maintenance is difficult to determine.No specific statistical methods exist.No empirical studies have been performed.How does one quantify the extended life of a chiller? How can one know how much longer a compressor will last if it receives proper preventive maintenance than it would if no PM took place? To read more click here

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