Underestimating the importance of equipment maintenance can have a major impact on a business’ bottom line. The old school saying, “if it isn’t broke, don’t fix it,” is too often the way some view construction equipment and tools. It is vital to perform routine equipment maintenance and not wait until there is something wrong. Tools and equipment are an investment that come not only bearing a financial cost, but they also require time and work to keep them in optimal working condition. Routine maintenance can also bring awareness to a potential problem the tool or equipment might be having prior to failure.
The cost to a business from an operations standpoint when a piece of equipment or tool fails is far greater when it happens on a job. This often requires emergency repairs or replacement causing down time and failure to meet deadlines. Ignoring preventative maintenance can cut into savings in an event of a malfunction or complete failure.
The International Journal of Occupational Safety and Ergonomics identified that 272 out of 773 accidental events were related to equipment failure, and 13 of these had direct human consequences. These findings are especially important to highlight because failures can result in serious injuries or even death. Furthermore, failures will cost heavily in insurance premiums, lost days of work, an OSHA recordable, OSHA investigations resulting in fines, and loss in future jobs due to pre-qualification bids when asked for Days Away Restricted or Transfer (DART) Rate or Total Recordable Incident Rate (TRIR).
The cost benefit analysis has proven that the old school train of thought is extremely outdated. Tools and equipment can weigh a heavy cost in more ways than one if they are not properly taken care of. Take some time this National Worship of Tools Day to look over your tools and make sure they are in good condition. A little maintenance can help protect people from injury as well as contribute to a smooth sailing job.