Facilities Management Services Market Procurement Intelligence, Cost Structure Intelligence, Best Practices, Engagement Model, Low & Best Cost Country 2020–2025
Facilities management can be defined as the tools and services that support the functionality, safety, and sustainability of buildings, grounds, infrastructure, and real estate. The services of facility management include (but are not limited to) Lease management, including lease administration and accounting, maintenance and operations, occupancy and space management, real estate management, energy management, etc. Based on the type of work, facilities management services can be classified into two categories. The hard services deal with the physical assets (for example, plumbing, maintenances, wiring, heating cooling, etc.), and the soft services focus on tasks performed by people. These include security forces, custodial services, lease accounting, etc. Facilities management is primarily a service. The costing is directly related to the type of service provided, timespan, the difficulty of service, and other similar factors. Hence, value-based pricing and cost plus pricing are two...