Day 23- UK FM Landscape- Car Parking Stream Market Insight.
Car Parking refers to the act of stopping and disengaging a vehicle and leaving it unoccupied.
The Car parking service spends circa ~£1.7 Bn in terms of Total Contract Value (TCV), accounting for 1.5% of the total UK FM Market.
In the Public Sector, Health Care is the largest procurer of car parking, with total contracts worth ~£6 Mn (accounting for ~55.3% of the market), followed by Local Government (32.3%) and Central Government (11.4%).
In the Private Sector,Office is the largest sector opting for car parking services with total contracts worth ~£297.2 Mn (accounting for ~97.9% of the market) and Leisure (2.1%).
To know the Key providers, Key customers and their Competitive landscape. ,click here-https://bit.ly/3vP1n8o
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The £1 million Public Interest Test: mapping £1.75 billion of central government FM exposure
PPN 024 introduces the Public Interest Test and Insourcing Strategy. From April 2027, central government bodies must apply the Test before re-procurements over £1 million go to market. Here is the contract-level mapping of £1.75bn of central government FM exposure.