Timber Trader UK Magazine Issue 17 Summer 2022

Page 34

FEATURE  HEALTHY WORKING ENVIRONMENTS

Protect Your Investments

Image courtesy OHRA

Warehouses and storage facilities house valuable stock and machinery, so a wellprotected property against fire is crucial. Iain Cox, chair of the Business Sprinkler Alliance, explains how his organisation can help.

T

he past 25 years have seen the construction of a huge

likely to have more of that asset left afterwards. A well-protected property

number of new buildings. Yet, questions remain regarding

therefore has an intrinsic value.

fire safety features and strategies within many of these

Automatic fire sprinklers are not widely used in the UK partly because

properties. One has to question why fire safety has

the regulatory guidance rarely prescribes their use and partly because even

not been held in the same regard as a buildings design,

when prescribed they are often ‘value engineered’ out. Yet automatic fire

aesthetics or ‘green’ credentials.

sprinklers prevent large fires because they activate automatically over a

The optimistic belief that a fire “will not happen to me” could explain

fire, controlling or even extinguishing the blaze before the Fire and Rescue

why businesses are not always considering the real impact of fire and its

Service arrives. They therefore protect the lives of those in the building and

consequences. They underestimate the direct financial impact on both the

the firefighters who attend an incident – but they also prevent significant

property and the business, and the time it takes to recover from a fire.

damage or destruction of a building by fire.

This all can have an impact on business value over time. A business property

The misconception surrounding the cost of sprinkler systems can be

that is well-protected in terms of fire protection and safety will have a far

dispelled by looking at the true costs of a building over its lifespan. Some would

greater intrinsic value, yet the ‘market’ does not seem to value this.

say that if a fire does not happen the cost of the sprinkler system has been

When you look at the value of a property, it’s important to think about

wasted. Why, for example, deliver a warehouse, factory or school as cheaply as

performance over time. We use metrics, data and evaluations to do this.

possible but leave out fire safety measures – only to find five years later it is lost

However how does this include considering risk and events that may happen,

completely due to a fire event, resulting in greater costs? This goes back to a

like fire. Compare this to an EPC rating, which is seen as a key indicator of

fundamental issue, that owners are perhaps not fully considering the potential

energy efficiency of a building and energy costs. This information has to be

for a fire during the life of a building. It is often manifested in not valuing what

provided when a property is sold. The lack of a rating would be questioned,

they own in terms of the potential to replace property and thinking that they

and the value of the property is impacted if the information isn’t provided.

are going to recover from a fire a lot quicker than they do. We need to place risk

The same is not always true for fire safety, there are no fire safety

into context and understand the impact, so that what is at stake is understood

ratings of buildings. If fire safety information is not available it does not

and planned for appropriately. Clear outcomes in the face of fire can then be

always lead to questions. It should do and this is perhaps a more prominent

defined. An inescapable item is that the inclusion of a sprinkler system can

item for certain buildings today. Fundamentally we need to be asking how

prevent major financial and equipment losses, containing what could be a

the building delivers fire safety and is protected against such events, and

potential major disaster and ensuring it is only a minor inconvenience.

where is the information to support this? This should become a valuable

Fire is indiscriminate and inexplicable, but that doesn’t mean actions

piece of information for any owner and similarly have a negative impact on

can’t be taken to prevent and control it when it occurs. As warehouses and

the value if not provided across all buildings.

similar industrial buildings are likely to proliferate in the coming years, now is

For example, if a building has sprinklers, fire alarms, documented

the time to think of how, and why, we should protect these valuable assets

maintenance, plans etc and another does not have sprinklers then the

which may not be glamorous, but nonetheless are vital as part of the UK’s

sprinkler-protected building is clearly worth more. If nothing else it has more

business infrastructure. Protecting the value of such properties and those

equipment. The value of that equipment can be seen functionally but it is

who work within them.

also an investment in terms of fire safety and protection of the property over More at  www.business-sprinkler-alliance.org

time. A sprinkler investment means that if anything goes wrong, then you’re Timber Trader UK Magazine

Summer 2022

32

www.timbermedia.co.uk

 @Timber_Media


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Timber Trader UK Magazine Issue 17 Summer 2022 by Timber Media - Issuu