Maintenance Cost and Estimated Replacement Value

Yesterday you were a happy camper.  Today you are told your Maintenance Cost (MC) as a percent of your Estimated Replacement Value (ERV) is 4.9%.  According to Consulting, Inc. and your corporate management 4.9% is way too high.  Good performers are under 3%, some operations are even under 2%.  So, the question is what are you going to do about it Mr. Maintenance Manager?