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.

EAN Content

Content shared by this account is either news shared free by third parties or sponsored (paid for) content from third parties. Please be advised that links to third party websites are not endorsed by Estate Agent Networking - Please do your own research before committing to any third party business promoted on our website.

You May Also Enjoy

Estate Agent Talk

Top Tps For Buying Your First Property

Buying your first property is an exciting milestone, but it can also be overwhelming. With the right knowledge and preparation, you can navigate the process smoothly and make informed decisions. Here are some top tips for first-time property buyers in the UK, designed to be simple and easy to understand. Top Tps For Buying Your…
Read More
Estate Agent Talk

How much less can you expect if you sell your house for cash in 2024

When selling a house in the UK, opting for a cash sale often means accepting a lower price compared to a traditional open market sale via an estate agent. This reduction is down to a few factors including convenience and the speed of the transaction, which can be highly attractive to sellers looking to cash…
Read More
Rightmove logo
Estate Agent Talk

Rightmove’s weekly mortgage tracker

Headlines   The average 5-year fixed mortgage rate is now 4.97%, down from 5.91 % a year ago The average 2-year fixed mortgage rate is now 5.35%, down from 6.42% a year ago The average 85% LTV 5-year fixed mortgage rate is now 4.97%, down from 5.90% a year ago The average 60% LTV 5-year…
Read More
Estate Agent Talk

Preparing Your Essex Home for Sale: A Step-by-Step Guide

Selling your home can be a complex process, but you don’t have to navigate it alone. Experienced estate agents in Loughton and across Essex play a crucial role in helping you prepare, market, and sell your property. Their expertise and local knowledge can streamline the selling process and maximise your chances of a successful sale.…
Read More
Estate Agent Talk

Optimising Your Property Investment With Financial Expertise

Property investment can be rewarding, especially when approached with the right financial expertise. A well-planned property investment strategy, supported by professional advice, can significantly enhance your returns and minimise risks. Ready to learn more? Keep reading as we share tips on optimising your property investment with financial expertise. Leveraging Mortgage Brokers For Success Mortgage brokers…
Read More
Breaking News

Breaking Property News – 09/07/24

Daily bite-sized proptech and property news in partnership with Proptech-X.   Fine & Country increases international marketing and growth focus   Premium estate agency, Fine & Country is increasing its focus on international growth by launching new marketing initiatives to support its existing international network as well as expanding into new markets. This underscores Fine & Country’s commitment…
Read More