Condo Media - December 2020 - 31

The post-pandemic work environment will be challenged
by many " new-normals " that will impact our daily lives.

Making up for revenue that was
lost or deferred due to the impact
of COVID-19 will be top of mind
for many organizations. What opportunities are out there? How can you
save critical capital while decreasing
operating costs to improve net profit?
What equipment may be necessary
to provide a safe environment for
returning employees, tenants, and
customers? In the following article,
we will explore energy saving opportunities, as well as specialized indoor
air and surface disinfection methods
that can help your organization
safely follow the rapidly changing
health guidelines.

to find new opportunities to extend
contracts or to renegotiate existing
supply prices.
Further, in difficult economic times,
many building operators and associations may choose to halt projects to
preserve critical capital. While this
clearly makes sense in some cases,
it is not always the best path for
weathering the storm.
An excellent way to immediately
improve P&L is to decrease operating expense and increase cash flow
without using capital by implementing
fast-payback, energy efficiency
projects paid for via off-balance
sheet funding or lease financing.

Energy efficiency projects produce great ROI,
reduce operating costs, and increase a
property's value. On average, a site-wide
project can reduce an organization's utility
spend by up to 30 percent per year.
OPPORTUNITIES
FOR SAVINGS
Finding savings is critical, especially
when the future is unknown. With
current energy prices coming off
extreme lows, now is the time to lock
in long-term contracts and renegotiate existing contracts. Our team is
seeing savings of up to 20 percent on
electric and natural gas. These low
prices are a result of a combination
of historically warm winter months
and COVID-19 reducing both commercial and industrial demand for
energy products. If your organization
is currently in a supply agreement that
expires in 2020, 2021, or even 2022,
we highly suggest scheduling a review

Energy efficiency projects produce
great ROI, reduce operating costs, and
increase a property's value. On average, a site-wide project can reduce an
organization's utility spend by up to
30 percent per year, while generating
positive net cash flow via financing.
ENSURING A SAFE
INDOOR ENVIRONMENT
In response to the coronavirus pandemic, building operators must now
make certain they are doing every-

thing they can to improve indoor air
quality (IAQ) and suppress potential
spread of the virus as employees and
customers return to the workplace.
The Occupational Safety and Health
Administration (OSHA) has provided
guidance for employers to help them
meet the new requirements in place
due to COVID-19. Prior to returning
to the workplace, employers should
take the following steps to reduce the
chances of exposure to COVID-19:
Conduct a hazard and
risk assessment.
Develop an infectious disease
preparedness and response plan
that includes where, how, and
what sources of COVID-19 your
workers could be exposed to,
workers' individual risk factors,
and the controls necessary to
address those risks.
Develop policies and procedures
for prompt identification and
isolation of sick individuals.
Develop, implement, and
communicate new work
flexibility and protections.
Implement workplace controls.
Follow standard OSHA guidelines.*
In addition to the guidelines laid out
by OSHA, building operators should
consider changes to building operations, including the operation of heating, ventilating, and air conditioning
systems to reduce airborne exposure
to airborne bacteria and viruses.

* For more information on OSHA guidelines,
visit www.osha.gov/Publications/OSHA3990.pdf
December 2020 CONDOMEDIA

http://www.osha.gov/Publications/OSHA3990.pdf

Condo Media - December 2020

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