Industrial Services Plc – Fire risk mitigation measures with a reduction in costs

Initially we carried out a Fire Risk Assessment of each of their 190-property portfolio and categorised each property into different risk bandings.  We identified the supply chain partners, number of jobs per item and the associated costs for both planned and reactive maintenance of the existing fire mitigation and control measures – namely Fire Alarm system, Fire Doors, Fire Extinguishers and Emergency Lighting. 

Our strategy was to reduce the overall costs to the business of maintaining these items and to identify properties that were in need of updated fire risk mitigation measures so as to reduce the risks if a fire were to occur in the premises.

We identified potential improvements in the fire alarms and emergency lighting in accordance with best practice and industry standards and by banding placed a priority and budget cost to each property. The overall capital expenditure for the project was c£300k and business cases were written and justified to secure the funding from the Company Board. 

By implementing the project programme of works, which we project managed over a 16 week period, the company received a reduction in their insurance premium of c£100kpa and the resultant fire risk had reduced significantly for the occupiers of the buildings.

In addition, following the re-tender of the fire maintenance services contracts and consolidation of them, the overall maintenance expenditure reduced by 15% across these items (further contributing to the ROI of the project), with improved commercial payment terms and improved service cover.