Question: What immediately comes to mind when you hear the phrase “Facilities Management”?
If you are similar to the average person, you immediately think of “Janitorial Services”, “Property Maintenance” and other comparable and rather mundane tasks associated with the more superficial aspects of maintaining a building and its surrounding property. You might even think of routine preventative and remedial maintenance of infrastructure items within the building itself.
And you would not be entirely incorrect in answering thus – just grossly incomplete.
According to a paper published by the Royal Academy of Engineering, one can conservatively expect that the building maintenance and operating costs be five (5) times as much as the construction costs of the building over the lifetime of the asset. In addition, the business operating costs (utilities and the like) can be conservatively estimated at two-hundred (200) times as much as the construction costs of the building.
So for example, if a building costs $10-million to build, then it will cost $50-million to maintain and an estimated $2-BILLION to operate over the its life-time. Obviously, we are not just talking mopping the floor and cutting the grass at these numbers.
Where does all of the money go?
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