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10 results for “Maintenance”
OPEX
Operating Expenditure — the ongoing day-to-day costs of running a building: utilities (electricity, water, gas), maintenance labour and materials, cleaning, security, management fees, insurance, and consumables.
PPM (Planned Preventive Maintenance)
Scheduled maintenance activities performed at regular intervals to prevent equipment failure, extend asset life, and maintain safety compliance — as opposed to reactive maintenance performed after a breakdown occurs.
CMMS (Computerised Maintenance Management System)
Software specifically focused on maintenance operations — scheduling planned preventive maintenance (PPM), managing reactive work orders, tracking spare parts inventory, and recording maintenance history for building assets.
LOTO (Lock Out Tag Out)
A safety procedure that ensures hazardous equipment is properly shut down, isolated from all energy sources, and locked/tagged before maintenance or servicing work begins, preventing accidental re-energisation.
KPI
Key Performance Indicator — a quantifiable measurement used to evaluate the performance of building operations against defined targets. Building KPIs cover energy, maintenance, comfort, safety, cost, and service quality.
O&M Manual
Operation and Maintenance Manual — comprehensive documentation provided by equipment manufacturers and contractors covering the installation, operation, maintenance, troubleshooting, and spare parts for building equipment.
FCI (Facility Condition Index)
A ratio that compares the cost of deferred maintenance and repairs to the current replacement value of a building, expressed as a percentage. Lower is better.
CAFM (Computer-Aided Facility Management)
Software used by facility management teams to manage maintenance work orders, asset registers, space allocation, lease administration, and compliance tracking across building portfolios.
LOTO (Lockout/Tagout)
A safety procedure that uses physical locks and warning tags to ensure hazardous energy sources are isolated before maintenance work begins. Each worker applies their own lock to prevent unexpected energisation.
PCA (Property Condition Assessment)
A systematic evaluation of a property's physical condition, identifying deficiencies, deferred maintenance, and capital expenditure requirements over a specified period.