Total Facilities Management is an Effective Outsourcing Solution
One of the most significant changes to businesses in the 21st century is the increased tendency to outsource those functions that are seen as non-core to the business itself.
We are all familiar with areas such as payroll and catering being outsourced, but today, a growing number of companies are deriving both financial savings and improved operational efficiencies by handing their facilities management needs over to an outside expert.
Let’s take a look at the total facilities management solutions that are on offer and the benefits they can bring.
Total Facilities Management (TFM)
As the name suggests, a Total Facilities Management contract allows you to leave a broad range of facilities management functions in the hands of experts, allowing you and your team to focus on what you do best.
The service typically includes areas such as maintenance, security, reception, cleaning, catering, mail room and back office support. However, the beauty of it is that by working with a TFM specialist, you can agree a bespoke service that is a perfect fit for your own needs.
Why Choose TFM?
There is a whole list of benefits that an outsourced TFM contract can bring. First and foremost, if you are managing your own facilities, then you are spending time and money on something that is outside your core business. Quite simply, you have other business needs on which you need to focus.
A specialist TFM provider has the latest technical knowledge and expertise to ensure that all your facilities management processes are run as smoothly and effectively as possible. By entrusting these functions to an expert, you know that they have access to industry best practices, and that they can also save you money by taking advantage of economies of scale.
A system that is outsourced is going to be the single focus of the company that is running it. This means there is no risk of processes stagnating, something that often happens when processes are kept in-house, simply because nobody has the time, knowledge or inclination to update them. Hence, you often see cutting edge companies with antiquated systems relating to such critical aspects as security and building maintenance.
Hidden benefits for property developers
Better systems, cost savings and an ability to focus on your own strategic objectives all sound like fantastic reasons to outsource facilities management to an outside party, but there are additional benefits within certain industries, particularly in the property sector, that might not be obvious at first glance.
An outsourcing relationship like this can create synergies between the company and the contractor, perhaps from shared costs and risks, or from common customers and markets.
The potential for each to expand their market share can bring some great opportunities for both parties, leading to the development of new projects or the expansion of the products or services they provide.
Ultimately, the sky is the limit. The available benefits are limited only by the vision and imagination of the partnering companies.
You May Also Enjoy
Buy-to-Let Explained: How It Works and Is It Worth It?
The Hidden Cost of Deposit Disputes for Letting Agents
Britain’s strongest housing markets revealed
Over £900 million economic opportunity lost to property fall throughs
Landlords chasing rental arrears of £470m
