a detailed study on facility management and its contribution to the construction industry
E.Jemimah,A.Leema rose
Published in International Journal of Advanced Research in Civil,Structural,Environmental and Infrastructure Engineering and Developing
ISSN: 2320-723X Impact Factor:1.7 Volume:1 Issue:3 Year: 08 April,2014 Pages:74-81
Abstract
In a changing real estate environment, intensity of competition has increased, new production and organization structures, new technologies and concepts of work result in new requirements for real estate which result in pressure on the cost forces of companies to exhaust all saving capacities. Hence professional facilities management will emerge as a pre-requisite to sustain profitable business prospects. Facility management has been employed because of the necessity to decrease overheads cost and unnecessary waste. In Real estate environment, developers will have to tie up with providers of such services to ensure a better selling price for their properties. On the other hand, corporates will continue to avail of the benefits of outsourcing facilities management services for their office spaces to enhance their overall image and brand value. Various organizations like MNCs, developers, banks, hospitals, etc., are employing the services of a professional service provider. In fact, developers tie up with an FMA prior to the completion of the project to facilitate marketing. This also helps prospective tenants to estimate their facilities management costs and thus arrive at gross rentals. This paper focuses on this new niche sector within real estate that is fast developing shape, the concepts and theory of facility management and the need and viability of the same are explained at a length. Also focuses on design, maintenance and operations phase of the services in the public buildings.
Kewords
Facility management, services, business management model, finance.
Reference
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