Facility Technology Simplifying Facilities...
More emphasis on sustainability is altering property management practices. Buildings that are more energy-efficient, ecologically friendly, and employ cutting-edge technologies follow from this convergence of resident requirements and global environmental challenges. How property managers can ensure that the technical quality of the building is as good as its environmental quality is the key issue of
Struggling with increased CAM charges? Conflict with tenants because of these increased maintenance costs? Discover how Factech’s innovative FMS solution helps you track, analyze, and control CAM expenses for better budget management. Common Area Maintenance, or CAM charges, is a fee paid by tenants in addition to their standard rent to share a section of
Facility managers do not have to fight to keep up with all the moving components of a facility just on paper. By employing technologies such as machine learning and CAFM software, facility managers in real estate businesses can use data to enable the effective running of their facilities. Teams in real estate portfolio management charged
Most facility managers and their staff are qualified to oversee daily operations and maintenance in their respective buildings. Some may discover that constrained staff bandwidth or lack of specialized knowledge makes some jobs difficult for internal handling. Here is when vendors become relevant. Vendors play a crucial role in building operations because they can complete
Modern procurement is far more than just a department negotiating rates. Following major supply chain difficulties, it has become a key tool for efficient supply chain management, enabling cost reduction, more innovation, and more general corporate goals fulfillment. The success of a company depends much on well-run procurement systems and good vendor management in this