This article is part of our business tips series, written in conjunction with our guide to the best business books in the UK. Each week we pick a topic which is grappling management teams and consultants alike, and help you to better manage your business.
This week, our financial experts have heating and air conditioning systems in their sights. Is it a useful overhead spend, or white elephant? Let’s find out:
Centralized Heating, ventilation, and air conditioning (HVAC) systems are installed to provide thermal comfort for occupants and visitors in a building. Small to large business enterprises and FMCG firms set up their offices in centrally air-conditioned and well-maintained high-rise and commercial buildings that require centralized HVAC systems. With a Utility Bidder, you can get the best estimates for your business utilities.
There are four basic types of HVAC systems, which are designed for different purposes, and locations. However, it would be best to consult a mechanical engineer before selecting and installing HVAC units and ducts for your office buildings. Actually, you can search for such an HVAC marketing agency and seek support in locating a notable HVAC expert. This isn’t the industrial revolution – your employees will simply choose to leave if you don’t set the right working conditions.
Advantages of Installing HVAC Systems
Clean Air
HVAC units supply cleaner and refined air, which maintains the overall internal environment. However, they need to be maintained and monitored to produce steady and balanced air pressure. The systematically engineered filters ensure that the duct remains clean and free from parasites and mould.
Uniform and Effective Air Circulation
If your HVAC systems are ideally designed and installed, they will regulate uniform air throughout the building. Uniform circulation of cool air affects the internal environment and keeps employees fresh and active, whilst being sound economics.
Reduced Noise Emissions
Individual AC units and their outers produce more noise when compared to centralized HVAC systems. Centralized HVAC systems are concealed in ceilings with proper insulation materials to minimize energy losses. Occupants and office employees prefer working in noise-free environments where they can concentrate on their workings.
Multi–Operational Units
HVAC units are multi-purpose units that operate throughout the year, maintaining the building’s internal environment. HVAC units provide thermal comfort in winters and produce a cooling effect to maintain a relaxed and psychologically calm internal environment in hot summers.
User-Friendly
The centralized HVAC systems are designed and controlled from a central operational unit, which changes temperature according to the weather conditions. Moreover, occupants can increase or decrease HVAC’s intensity in specific locations when required.
Energy Efficient
Centralized HVAC units are more efficient and powerful as they consume less electricity and produce a greater output. It is wise to have a centralized cooling and heating system than individual wall-mounted AC and heating fixtures. Financial management is easier when the unit consumes less energy and therefore leads to lower expenditure.
Greater Life Span
HVAC systems have a greater life span in comparison to single AC and heating units. Centralized HVAC systems are easy to maintain and operate through automation and self-control features.
Points To Remember Before Installing Centralized HVAC System
- HVAC systems have a significant installation and maintenance cost. Ensure that you have covered all your expenses, and then you invest in HVAC systems
- Get multiple quotes from different vendors and companies who install the HVAC systems
- Pre-calculate your covered area, and then ask for HVAC estimates
- Hire a professional mechanical engineer to manage the entire project
- Invest in insulating material, and get the best insulation for ducts and delivery pipes
- Constantly monitor the airflow and power consumption of HVAC units
The financial benefits of keeping your work environment at the right temperature
Why would a business owner want to sell a dated HVAC system and replace it with a more expensive, new system? Here’s why:
Quality, robust assets (see: definition of asset) are capitalised on the balance sheet and depreciated over the useful life of the asset, under UK GAAP and IFRS.
Quality assets under management could actually result in a lower expense charge if they have a demonstrably longer useful life and therefore their cost can be amortised over a longer period of time. This sounds counterintuitive, but it’s true in everyday life too.
When you invest as a business, you’re also thinking about the well-being and productivity of your employees. Before fringe benefits and bonus scheme comes into play – the safety and comfort of a workplace is a higher priority. This is a basic application of Maslow’s hierarchy of needs – a piece of management theory you’ll read about in the best management books.
The goodwill and motivation of your workforce is a great commodity and not one you’ll want to skimp on.
The right HVAC system, when operating within parameters, will be an invisible piece of tech. Your employees will be so satisfied with the consistent temperature of the workplace that they won’t even notice it’s there!
Final Word
HVAC systems are mechanically designed components responsible for maintaining the internal environment of commercial and residential buildings. With the advancement in technology and automation, HVAC systems are becoming more efficient and user-friendly. This means that from a financial and accounting book perspective, they could be a wise choice for your business.