This website uses cookies primarily for visitor analytics. Certain pages will ask you to fill in contact details to receive additional information. On these pages you have the option of having the site log your details for future visits. Indicating you want the site to remember your details will place a cookie on your device. To view our full cookie policy, please click here. You can also view it at any time by going to our Contact Us page.

Surviving the Economic Downturn

11 March 2009

UK businesses can streamline their property management strategies to drive down costs and make them better prepared to overcome tough trading conditions according to Jamie Reynolds, co-CEO of GSH Group, the international energy and facilities management company. He was speaking at an industry forum organised by the company entitled ‘Solution to the Urban Squeeze’ to discuss how to survive the economic downturn.

Reynolds went on to explain: “Industry figures suggest that UK businesses are losing £18 billion per year through inefficient use of property and new working practises could save as much as £6.5 billion annually. In fact, just a 10 per cent reduction in FM costs could save as much £1.3 billion, so businesses need to identify where waste is occurring within their operations to drive down overheads and optimise performance.”

However, the panel of speakers were all quick to point that companies should not be taking any knee jerk reactions to ensure there was no adverse effect on day-to-day operations. Instead, businesses were urged to refine their maintenance, facilities and energy management strategies, utilising detailed management information and clever use of technology, to reduce overheads and achieve operating efficiencies. In addition, companies could enhance their commercial solutions by reducing specification, restructuring scope as well as integrating structures and budgets.

The panel also highlighted effective energy management as a way of not only removing cost from a company, but also contributing to the creation a green business. The event was attended by Ben Ross from Forum for the Future* who had spent the day with GSH Group’s executive team discussing sustainability issues and best practise.

Elsewhere, Rob Greenfield, GSH’s Group Director for SHEQ and Deputy Chairman of BIFM spoke about the importance of cutting costs and not compliance: “It would be so easy to cut the budgets for sustainability and health and safety policies, but this could undo a lot of the great work that has already taken place. Organisations are under pressure from their customers, shareholders, finance and legislation, so should avoid the damaging impact such cost-cutting could cause.”

The event, held at the Swiss Re building in London, was attended by key facilities management decision makers and influencers within leading UK businesses.




Contact Details and Archive...

Print this page | E-mail this page

http://www.fsifm.com
PFM


MOST VIEWED...

View more articles
Article image

Prevention better than cure where compliancy and PPM is concerned

Industry experts give their response to the question of whether compliance with legislation should be a focus of maintenance procedures....
Article image

Why the Law Says You Need a Nappy Bin Disposal Service

At home, parents are used to disposing of their babies’ used nappies the same way they do any other domestic waste - bagging it up and sticking it in the r...

Benchmarking maintenance

BSRIA has just published this year's operation and maintenance benchmarking report as a guide for building operators to evaluate their performance against ...
Article image

Court action against MoJ after "unfair" contract award

According to The Times, the Ministry of Justice (MoJ) is being sued by Mitie, following claims that it lost out on...
Article image

Making the Leadenhall Building fit for purpose

Firmly established as one of the most notable buildings in the City of London, the Leadenhall Building (informally known as the cheesegrater) provides a st...
Article image

Court case over fire safety failings brought by Camden Council

High Court legal action has been launched by Camden Council with the aim of recovering costs following the evacuation of residents from the Chalcots Estate...