Floored by downtime. How downtime escalates construction and maintenance costs

AVON, Mass. - Jan. 9, 2015 - PRLog -- While the most common inference of downtime is being without computer access, downtime can be as costly if work has to stop for other reasons: like building maintenance and construction.

“Whether it’s from a network crash or productivity and revenues being interrupted due to anything ranging from unplanned crises to new flooring being installed, downtime is downtime and the intangible and financial losses can be exorbitant,” said Thomas Ricciardelli, president of SelecTech, Inc., a leader in the manufacture of innovative flooring products from recycled materials.

How much? It depends on the industry. In the auto industry, it is estimated that one minute of stopped production, or downtime, costs an average of $22,000 but can run as high as $50,000 per minute.

While there are a number of formulas to estimate how much downtime costs, most relate to network issues. For downtime for buildings and space undergoing renovation, other formulas can be utilized. In the retail world, that measure is sales per square foot.

For example, a 10,000 square-foot store with average sales revenues of $25,000 per day yields revenue downtime costs of $2.50 per square foot. If one flooring product can save three days of downtime during a renovation, that calculates to $7.50 per square foot of downtime savings, or $75,000.

When you factor that equation for some of the top retailers in the U.S., the downtime costs can skyrocket. For example, Apple is the top retail outlet at $4551 per square foot per year. Divided by 363 sales days, the downtime cost equals $12.54 per square foot per day. With the average Apple Store being 8,400 square feet, downtime for construction or renovation—even for a fairly short time span—can have considerable cost implications. And that’s something property owners are taking into consideration.

“The common perception in the construction world is the job goes to the lowest bidder,” said Ricciardelli. “In recent years, that’s been changed. Savvy purchasers are now looking at their total cost of ownership, including downtime, and making their buying decisions based on the most efficient values available. There are a lot of reasons why businesses purchase our flooring, but the most often mentioned is lack of downtime during installation and maintenance.”

Utilizing a breakthrough interlocking technology, SelecTech products completely bypass the need for adhesives and floor prep to install or replace flooring. This dramatically reduces installation times because old flooring can be left in place and machinery and furniture does not have to be completely moved or removed for installation. Installation of SelecTech flooring does not require adhesives, which enables it to be installed without extensive and time-consuming floor preparation or moisture mitigation.

SelecTech flooring products are made using recycled material and are 100 percent recyclable. So, SelecTech not only reduces and eliminates downtime, but contributes to the green efforts of manufacturers, retail outlets and other larger facilities.

Another benefit of SelecTech flooring, specifically anti-static flooring products like the FreeStyle ESD product, is that it can have a sustainable impact on computer network operations. SelecTech’s ESD flooring products safely dissipate harmful static electricity and can minimize the likelihood of system crashes and data interruption. That’s why industries such as electronics manufacturing, communications, aerospace, biotech and healthcare where electronics and sensitive data must be protected utilize SelecTech ESD flooring.

To learn more about SelecTech products, including its FreeStyle ESD flooring products, visit http://www.selectechinc.com.

About SelecTech, Inc.

SelecTech, Inc. was founded in 1993 with the mission of creating valuable products from scrap plastics. The company has become a leader in the manufacture of flooring products from recycled materials and uses one million pounds of recycled materials annually. Their products are made with up to 100 percent recycled content, are 100 percent recyclable and installed without adhesives making them some of the “greenest” and most cost-effective flooring products available. The unique interlock system on SelecTech’s flooring products enable them to be installed at a much lower cost, without a lot of costly downtime, which provides significant value to customers.

Using state-of-the-art technology and innovative product design, SelecTech created the top performing Place N’ Go residential flooring products, which are available at Home Depot. They are also the creators of the renowned commercial and industrial FreeStyle, FreeStyle ESD and StaticStop ESD flooring lines.

SelecTech is a vendor partner of Health Care Institute, an International Facility Management Association (IFMA) alliance partner. The company is headquartered at 33 Wales Avenue, Suite F in Avon, MA. For more information about SelecTech, visit http://www.selectechinc.com.