The Performance-Based Payment (PBP) Model: Bringing The Future Into Old Buildings of Singapore
It is no secret that technology is rapidly advancing as we speak, with more innovations and new ways to retrofit products and services; this also applies to buildings as well. Here at Otto Solutions, our core beliefs to be the change we want to see happen in the world rather than to wait for the future to come to us. As such, sustainability is a vital part in how we operate, this includes changing regular lights into energy-saving LEDs and implementing an energy-efficient automation system. We do however, understand that change can be at times difficult or in the case of retrofitting old buildings, costly. This is where we came up with the (PBP) Model.
What is the Performance-Based Payment (PBP) Model?
The sole purpose of this model is to enable a new green smart office, how it is done is by using our Performance-based Payment (PBP). Essentially what the Performance-based Payment is about, we strive to provide you with effective, efficient, and sustainable solutions without any upfront capital needed. You as the building owner, will experience instant and accumulated savings, which can be channelled into doing better things for your business and the world. Also worth mentioning, on-site warranty and maintenance will also be covered for the duration of the PBP model.
What are the benefits of implementing this model?
No upfront cost
One of the best of this model is there are no upfront cost, you as the building owner can be a part of our ever-expanding list of clients who shares our vision of a sustainable future
By changing the fluorescent lights of old buildings into energy-saving LEDs and pair it with our smart automation, building owners can experience up to 80% energy saved in the span of 3-5 years
As part of the Regulatory Requirements for Existing Buildings set by BCA, it is stated that existing buildings must continue to operate efficiently throughout their life cycle in order to achieve an all-around sustainable environment. Also worth mentioning, it must comply with the minimum environmental sustainability standard (Green Mark Standard). As well as to submit information in respect of energy consumption and other related information as required by the Commissioner of Building Control (BCA.gov).
Lastly, as it was mentioned at the beginning; technology is rapidly evolving and will not stop evolving. The new age of smart building is upon us, it is a good time to take notice and embrace it. By doing so, you will have the added bonus of converting an old building into a smart green building and join us in the pursuit of a sustainable future.