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Incentive FM wins contract for Covent Garden

15 October 2009

Covent Garden London has awarded independent FM business, Incentive FM, a five year multi million pound contract to provide an extensive FM solution for its Covent Garden Estate.

This is the largest contract that Incentive FM has won since it started trading in 2002. Covent Garden is one of London’s most vibrant districts, attracting over 43 million visitors each year to enjoy its diverse mix of retail, dining, markets and street entertainment.  Incentive FM will transfer the existing site facilities team and the current FM suppliers who deliver conventional services include cleaning, maintenance and security operations across to its organisation.
The contract covers the market area and commercial properties in several of the surrounding streets.  The remit is to improve standards and deliver more effective services across the Estate which is home to approximately 300 tenants. Incentive FM will be providing a full PPM and reactive maintenance operation for the Estate from its web hosted help desk system (FACTS). FACTS will also provide senior personnel access to information about asset planning, management and service assessments. The system will become a central hub for all enquiries and data logging which will be readily available for analysis.
Furthermore, to improve the supervision and maintenance of the local environment, Covent Garden London launched the Enhanced Visitor Experience (EVE), in partnership with Westminster City Council, in August this year.  EVE, alongside Incentive FM will ensure Covent Garden remains a pleasurable, safe and relaxed destination to spend time in.
Jeremy Waud, Managing Director at Incentive FM, said: “Our ability to provide a seamless accounting function that interfaces directly with the client’s systems provides a strong foundation for this operation. We will be assisting the client team by producing service charge accounts for the 22 tenanted properties within the wider Covent Garden Estate in addition to the main Piazza buildings and we see this as key to the success of this complex operation. Covent Garden Londons' on site staff will deal with the traditional surveying, property and landlord and tenant issues alongside rent and service charge collection. We will be working hard to deliver savings and service improvements throughout the period of the contract to ensure that Covent Garden continues to thrive as one of London’s most popular destinations.”
Covent Garden is owned by Capital & Counties, Liberty International’s non-shopping centre and international business, with £1.7bn of investment properties. With over 45 million visitors to the Piazza each year, Covent Garden is committed to improving the retail and leisure environment in the West End. EVE (Enhanced Visitor Experience) is a privately funded organisation that aims to improve customer experience in the West End. Subsidized by Covent Garden London and Westminster City Council, EVE supports the Police and local West End stakeholders in the enforcement of the law, bye-laws, licensing issues and local codes of practice. 


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