The FM space saw a lot of buzz during the past week as the buyers kept the market busy with procurement notices covering the entire
Local governments in the United Kingdom are responsible for a range of vital services for people and businesses in defined areas. Among them are well
The second week of this month saw continued growth impetus as was witnessed in the first week with the buyers of FM services inviting bids to the tune of £4.5 Billion with
The COVID-19 pandemic has practically given a metaphorical high-voltage jolt to the whole world. It fell like a plague and affected humans in a way
The past one week proved to be quite significant for FM Suppliers as Crown Commercial Service put its Healthcare Soft FM Services framework worth £2.6 Billion up for bidding. In addition, the week saw 84
The United Kingdom Market is one of the largest and most mature for the office space and commercial buildings sector worldwide. Experts believe that the
The past one week was quite lucrative for the FM suppliers with some high value deals on offer from the contracting authorities. The week saw
The business activity in the FM Industry continued its steady growth during the month of June-22 picking up from where it had left during the previous month. The suppliers were kept busy as the outsourcing gained traction from among the buyers. The month saw more than 170 contracts being awarded and valued in excess of £1.2 billion.
The week gone by saw a lot of action in terms of tenders being released in the facilities management space with some large contracts on
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The United Kingdom is one of the largest markets for facility management services in Europe in terms of maturity and sophistication. The market is highly competitive as well, owing to the presence of several organized players and strong presence of top global companies, such as Mitie, ISS, Sodexo, CBRE, JLL among others.
The market has been valued at USD 63.97 billion in 2020 by Mordor Intelligence. Frost & Sullivan estimates the UK FM Industry revenues to be $43 Billion. As per our database the overall FM market in the UK stands at £107.2 billion in TCV. The public sector contributes 59% while the private sector contributes 41%. Among the service types Hard & Soft FM Contributed almost equally at 36% & 35% respectively. The integrated services contributed with 29%. Local government authorities were the lead buyers in the overall stack with 19% of value contribution followed by Central Government and Office both at 14% each.
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