PROBLEM:
The multifamily property in St. Louis was dealing with high waste management costs and inefficiencies in handling the large volume of waste produced by its residents. The existing front and rear load dumpsters did not track waste weight, providing only frequency and size data. This significant expenditure underscored the need for a more cost-effective waste management solution.
OVERVIEW:
- Property Location: St. Louis, MO
- Located in the city of St. Louis, MO, this multifamily property houses 208 units, making waste management a critical aspect of maintaining a clean and pleasant living environment.
- Type of Property: Multifamily/Apartment
- This property consists of over 200 residential units, emphasizing the need for efficient waste management to handle the substantial volume of household waste generated.
- Units: 208
- With 208 residential units, the property accommodates a significant number of residents, contributing to a steady stream of waste.
SOLUTION AND RESULTS:
Through strategic collaboration with waste vendors, we successfully renegotiated service contracts and implemented optimized waste management practices. These efforts resulted in a significant reduction in the frequency of waste service and overall costs, decreasing the average annual spend by 82.11%. The multifamily property now benefits from over $52,198.76 in annual savings, showcasing the financial advantages of effective waste management solutions.
WASTE SERVICE AND COST PRIOR TO OUR INVOLVEMENT:
- Trash:
- 3 – 2 yd dumpsters serviced three times per week
- 10 – 4 yd dumpsters serviced two times per week
- The frequent servicing of the trash containers indicated a high volume of waste, leading to considerable monthly expenses.
- Average Monthly Spend: $5,319.56
- The significant monthly cost for waste services highlighted the financial burden on the property management.
ANALYSIS:
- Waste Production:
- Average of 19,600 pounds of waste per week
- The substantial amount of waste generated weekly reflected the need for improved waste management practices to reduce costs and increase efficiency.
OBJECTIVE:
- Work with waste vendors to decrease overall cost of service
- The primary goal was to renegotiate waste service contracts and optimize waste management practices to lower the monthly and annual expenditures on waste services.
OUTCOME:
- Cost Savings:
- Average Annual Spend: Decreased from $63,834.72 to $11,419.44, showcasing the effectiveness of the new waste management strategy.
- Dumpster Servicing Reductions:
- 3 – 2 yd dumpsters were reduced from being serviced three times per week to two times per week.
- 8 – 4 yd dumpsters serviced twice per week (previously 10 – 4 yd dumpsters serviced twice per week).
- Weekly Spend: Decreased from $5,319.56 to $951.62.
- Annual Gross Savings: $52,198.76.
