Why Colonial Properties
5. Cost Control
The Colonial Properties HPW® includes the newest technology related to utility cost control. Colonial Properties further manages expenses through national contracting and volume discounting. Colonial Properties' size also provides efficiencies since in most targeted HPW® markets, Colonial Properties manages a large portfolio of buildings, thereby creating an economy of scale relative to human and administrative resources. Colonial Properties also uses its size to hold down insurance cost and brings its size to bear regarding ad valorem taxation. A state-of-the-art web-based work order and preventative maintenance system is employed at every Colonial Properties HPW®. Last but not least, the HPW® contains highly efficient operating equipment and systems which provide maximum cost control relative to utility consumption and equipment life-cycle.
