Day 15-UK Facilities Management Office Sector Market Insight.
The Office sector has traditionally been one of the largest buyers of FM services. Experts believe that the UK market alone accounts for over a third (36%) of the worldwide serviced office footprint. As of September 2020, there was a total available Office supply of 11.3 Mn sq. ft in the UK regions, reflecting a 17% decrease since the end of 2019.
The Office sector spends circa ~£25 Bn of Offices sector, Integrated FM accounts for highest proportion of services contracted with TCV of ~£17.6 Bn (70.5%), followed by Hard FM with ~£3.1 Bn (12.3%) and Soft FM with ~£2.8 Bn (11.2%).
To know the Key trends, Key providers, Key customers and their Competitive landscape, click here- https://lnkd.in/gizpk9b
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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.