| Perspectives A Quarterly Information Source from Benchmark, Inc. Volume 47 December 2002 |
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Deferring Capital - A Client Profileby Michael Newland Over the past several years, a roof management program that includes initial roof inspections, specification development and bid services, construction management and scheduled reinspections has been in place for one of our largest clients, which I'll call "XYZ Company". XYZ Company is a Fortune 100 company, with manufacturing plants located throughout the country. This program, which began in 1993, has evolved from a roof replacement program, to a total roof management program, where all recommendations including preventive maintenance and repairs are completed. The entire process is managed by Benchmark, Inc. In one of the four regions of XYZ Company, the repair program includes developing a comprehensive repair specification for its 17 plants. The specification identifies repair methods, materials and techniques, and then is combined with the latest roof plan that physically identifies the deficiency location. The specification is then submitted to previously approved roofing contractors for bids and completion of work. Benchmark further manages the repair program by conducting pre-construction meetings at the plant sites at job start-up, and periodic inspections thereafter, with a final inspection provided at job completion. As a result of the proactive repair portion of the company's roof management program, this region's plants have seen the following results: ILLINOIS PLANT:
TEXAS PLANT:
INDIANA PLANT:
SOUTH CAROLINA PLANT:
GEORGIA PLANT:
VIRGINIA PLANT:
To summarize, $632,568 was spent in 2001-2002 for roof repairs. As a result, $7,195,300 in capital covering 14+ roof areas on 6 plants was deferred an average of 2 years. |