An asset audit and asset register for your company has many benefits besides the just passing your next government or agency inspection.
Keeping a list of assets will allow your business to accurately maintain these assets for safety, to save money on emergency breakdown repairs and easy to access financial
data for board reports or your accountant.
How does an audit of company assets save you money?
Having been in the building and construction industry for over 35 years, MDF Group says that there are always two prices.
Price #1 is a fair and reasonable cost for planned repairs or maintenance work (in any trade) where the tradesperson or subcontractor has ample time to schedule the work.
Price #2 is the ‘urgent’, ‘last minute’ or ‘just get it done now’ price that subcontractors squeeze on top of their workload, often paying their staff overtime and thus bumping up the price of their work significantly.
Without an asset register, urgent and emergency repairs are inevitable, and so is paying top dollar for the repairs or replacement of these assets.
We can link an asset register to a planned maintenance schedule, so every single asset (down to the humble staffroom kettle) is assigned a repair or replacement date, which will send a notification to a registered email address ahead of time.
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