Issue #55
This Week Tender Alerts
The last two weeks have seen one of the most lucrative times in the FM Industry in UK. The weeks gone by saw Contracting authorities inviting bids to the tune of more than £12 Billion. The period saw 80 tender opportunities from buyers across market sectors with public sector authorities being at the forefront with some large offerings. Hard FM services like construction works, Repair & Maintenance and Engineering Design stole the limelight with bulk of the contracts being offered in this space. The uptick in business volumes presents a very healthy trend for the FM Suppliers and going by the experience of past few weeks, the industry is bound to perform well in the coming weeks & months.
Baachu Hard FM Market Report
Are you looking for quality insights on the UK Hard FM Market? According to Baachu Rain Database, the Hard FM Services contributed 36% of the overall Market size with a TCV of £39.2 billion with Building construction, Maintenance, Refurbishment and M&E services much in demand especially from the Public sector buyers. Local Government authorities were the top buyers of Hard FM services with a 25% share of the ACV followed by Housing with 21% share. Get the detailed report below.
Rain Insight of the Week
The Local government authorities are one of the largest buyers of FM services in the united Kingdom. As per our database at Baachu, the Local government authorities command a Market Size of £21.2 Billion translating to around 20% of the overall FM Market size. As per our analysis, the coming few years will be full of action with lucrative business deals on offer for FM providers to this Market Sector. The next two to four years forecast from contract renewals from our database reveals business deals worth £5.4 Billion on offer from 2022-25. The annual dissection of the data divulges that the remainder of the current year will see bids worth £492 Million on offer from the local government authorities with around 250 Contracts coming up for renewal. The period between 2023 to 25 will be equally full of business opportunities with 2023 offering deals worth 1.67 Billion, followed by £1.07 Billion in 2024 and £1.18 billion in 2025 from the local government authorities.
Industry News
Rain Insider
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As a Rain Insider, you can have access to all the upcoming members only events below and much more.
UK FM Market Analysis Growth Opportunities in UK 2022-24 – 24th June, 2022, 3pm
2022 Cleaning Services Breakdown – 7th July, 2022, 3pm
2022 Central Government, Local government & NHS Market Breakdown – 25th August, 2022, 3pm
2022 Security Services Breakdown – 1st September, 2022, 3pm
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