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Operating Cost Saving Projects $$Feb 07, 2019

I have done many projects in buildings that have saved on operating expenses. I'm just curious as to what others have done and what kind of savings you've realized as a result?
Iv'e seen up to 35% fuel savings on going duel fuel and upgrading to a stealth energy control panel,
Balanced out the heating distribution system,
Changed all public lighting to LED and put low traffic areas on sensors (have not measured savings as yet),
Closely monitor water usage...
Any other ideas and input out there?

~AR

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Operating Costs - Marty Feb 08, 2019

Can you recommend a security camera company or individual cameras that can be used to provide security? Any estimates of the cost?

Thank you in advance for any help you can provide.

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What do Board Members Need to Know - Unosay Feb 09, 2019

Who implements procedures board members should follow especially for cost saving measures ? Should mortgage be paid in full before improvements are made or considered? Thank you for your time!

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Improvement proceedures - REAPLLC Feb 11, 2019

When we create a budget for say 2019, re create a "wish list" as a Board and management... I then merge it with a list containing any mandatory projects (Local law, violations if any, liability mitigation, etc), then prioritize the list based on
1-emergency work
2-required work (with timelines)
3-needs
4-wants/desired work or improvements
Improvements get further categorized by which brings the most return not just financially, but overall value to the building community.
Then, based on either experience or bidding, I assign budget numbers to each line item and a timeline. This capital budget should always be run and executed in tandem with your operating budget and the mortgage balance or service should not effect the decisions to drive any project.
The payoff of the mortgage and weather that should be done or not would be another conversation.
I hope that helped!
~AR

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I have 2 - REAPLLC Feb 11, 2019

I have one company that I use that is less expensive and fast, but requires a little babysitting because they are sloppy if you don't watch them; then I have another company that is more expensive and a bit slower, but I do not need to watch them.. both have excellent after installation service.. which would you like?

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Improvement Procedures - Unosay Feb 13, 2019

Thank you for your reponse and please forward both companies information.

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