Practical Facilities Tips, News & Advice.
The many strands of facilities management across property, buildings, and operational assets require professionals to take a lifecycle approach to their charges. With the FM market expected to pass $2 trillion globally by 2030, and growing work demand and work orders, the numbers for any organization will continue to get bigger. Facilities managers must take […]
To kick off the new year, the International Facility Management Association (IFMA) hosted a webinar on January 18 called “Elevate FM in 2024: Reflecting Back and Looking Ahead,” during which the top 2023 key performance indicators (KPIs), the most often asked KPIs, and expected challenges for 2024 were discussed. Top KPIs in 2023 Based on […]
Facilities management (FM) costs are slated to rise again in 2024 but moderately compared to a spike in 2022, according to a new report from CBRE’s Global Workplace Solutions (GWS) business. The report expects FM costs to increase 2.5% in the U.S. in 2024, down from a forecast gain of 3.3% in 2023 and a […]
Whether a new construction project crosses your desk that is $25,000 or $25,000,000 (or more) in expected cost, how do you know with any certainty what the final costs will be? Conventional approaches include getting cost opinions from firms that specialize in determining construction costs through the estimating process. This is where the majority of […]