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Savings or Waste – Which is more Compelling?

Savings (noun) is defined as “an economy of or reduction in money, time, or another resource”. 

Waste (noun) is defined as ”an act or instance of using or expending something carelessly, extravagantly, or to no purpose”. 

While most people love savings, they hate to waste!

For example: if you are currently paying $1,000 per month for electricity on your HVAC system and preventive maintenance (PM) could save you 20%, it would cost you $800. Meaning, that if the system were already properly maintained, you’d pay $800 per month. However, you are paying $1,000.  Therefore, you are wasting $200 per month.  $200 is ¼ of $800, or 25%. Therefore, you are wasting 25%.

Simple Formula to convert % Saved to % Wasted:

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Building Assure has designed and developed my Building Alerts with the small building owner in mind. Our low-cost solution provides all the necessary data to monitor energy consumption and waste, air quality, thermal comfort (temperature and humidity), water leak detection, equipment maintenance, service quality check (was the service conducted, and did it achieve the desired results), and much more. All while providing full transparency to your tenants and service contractors.

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