(article from buildings.com)
Past, present and future considerations drive the type and timing of modernization projects
By Chris Olson
Manufacturer consolidation, parts inventories and dwindling numbers of personnel who know older equipment are factors to weigh when obsolescence looms.
Most decisions to modernize elevators are not triggered by the kind of simple necessity that requires immediate action. Instead building owners must decide not only how much to modernize but also when. And because modernization typically requires a significant investment, it pays to make a decision based on the business case supported by all the pertinent data.
“The decision to modernize is more of a business decision than a technical one. Clearly, today’s technology is better than yesterday’s,” says Marc Cerniglia, principal with Collinsville, CT-based elevator consultant Ascent. “For most owners, the decision is strictly a financial one. Does it add value and how much?”Read Full Article