facilities management

UK Businesses Could be Losing Out on Savings of £1bn

Failure to adopt effective approach to facilities management could be costing small businesses approximately £120,000 Small businesses could be losing out on collective savings of £1bn as research reveals that 26% of organisations are failing to manage their facilities effectively. The research, conducted by the Royal Institution of Chartered Surveyors (RICS) and featuring 707 private and public firms, found that businesses not taking a strategic approach to facility management are costing themselves an average of £120,000. Facility management involves purposefully coordinating a business’ premises, people, and resources; and according to the RICS’ findings the hesitation to invest time and money in creating a strategic facilities management plan is the main reason why companies are missin... »