Keeping your pumps running smoothly is essential for your operations. But when a pump malfunctions, the decision arises: repair or replace? Here's a breakdown to help you navigate this critical choice.
Generally, if repairs approach 80% of a new pump's cost, it may be a good time to consider replacement. However, several other factors influence the decision:
- Lead Time for Spare Parts: How quickly do you need your pump operational again? Waiting for spare parts might make repair less attractive if downtime is costly.
- Type of Damage: Minor issues like seal replacements are often more cost-effective to repair. Extensive internal damage might favour a new pump.
- Pump Criticality: Is the malfunctioning pump essential to your core operation? Critical pumps might warrant a higher repair cost to minimise downtime.
- Budgetary Considerations: Consider the internal approval process for expenditure when deciding between repairs and replacements. Repairs usually need less justification and can secure approval more swiftly than the more rigorous procedures required for purchasing a new pump.
- Upgrade Opportunity: Consider using repairs to incorporate upgrades, such as converting from a cast iron impeller to a stainless-steel impeller to improve service life.
- Your Pumping System Can't Change: If the pump is obsolete and modifications are required to install a new pump, they may spend a bit more to repair as it can fit back in the same place.
In conclusion, deciding between repairing or replacing your pump requires careful consideration of several factors beyond just cost. By weighing the urgency of the repair, the extent of the damage, the pump's criticality to your operations, and potential upgrade opportunities, you can make an informed choice that minimises downtime and maximises cost-efficiency.
Extra Tip: Develop a proactive maintenance plan for your pumps. Regular inspections and preventive maintenance can help identify minor issues before they turn into major breakdowns, extending the lifespan of your pumps and potentially saving you money on repairs or replacements down the road.
We Can Help You Decide:
At Global Pumps, we specialise in pump repairs and replacements for various brands, including Verderflex, Techniflo, Slurrypro, Verderair, Toro, Roto, Prominent, Inoxpa and Talbo . Our expert technicians can assess your pump and recommend the most cost-effective solution, considering all the factors mentioned above. Contact us today for a free consultation.
