Focusing On The Bottom Line During COVID

Facility managers must handle the financial challenges created by COVID-19


During the COVID-19 pandemic, maintenance and engineering managers face a host of challenges related to improving HVAC system efficiency and ensuring proper sanitation, all in an effort to protect the health of their departments’ technicians, as well as building occupants returning to work, according to an article from Facilities Maintenance Decisions on the FacilitiesNet website.

As of early August, 424 companies have gone bankrupt, surpassing the number of filings during any period since 2010.  And many organizations are confronting unprecedented issues related to their bottom lines due to the impact of the COVID-19 pandemic. Companies across all sectors face a severe cash crunch with respect to running their daily operations due to the pandemic.

Reacting to the drop in revenues, many organizations out of necessity began trying to reduce overall costs. They looked at expenses to determine where reductions could be made without impacting the business too much.

The  most important recommendation for managers looking to find greater efficiency and avoid coronavirus-driven budget and staff cuts is to look internally for opportunities for improvement.

Read the full FacilitiesNet article.



October 13, 2020


Topic Area: Maintenance and Operations


Recent Posts

Optimizing the Engineering Design of Ambulatory Care Facilities

Designing cost-effective engineering systems is not about minimizing investment but about investing strategically.


Construction Completed on Washington Health Urgent Care Facility in California

The design team maximized the existing footprint to accommodate five exam rooms, a dedicated procedure room and an X-ray room.


OhioHealth Pickerington Methodist Hospital Begins Expansion Project

It includes an expansion of the emergency department (ED) and an additional inpatient unit.


IAQ and Infection Mitigation: Plans Into Actions

To support quality patient care and ensure compliance, managers must stay ahead of environmental and IAQ risks.


Case Study: How NYU Langone Rebuilt for Resilience After Superstorm Sandy

Although the damage was severe, it provided a valuable opportunity for NYU Langone to assess structural vulnerabilities and increase facility resilience.


 
 


FREE Newsletter Signup Form

News & Updates | Webcast Alerts
Building Technologies | & More!

 
 
 


All fields are required. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.