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Facility management encompasses interdisciplinary business functions to balance the demand and supply of facilities and services. The term “facility” includes all tangible assets supporting an organization, such as real estate, buildings, infrastructure, HVAC systems, IT services, and more.
KPRA is a professional organization that advances real estate professional services for real estate professionals who buy, sell, and manage real estate and related businesses. KPRA provides a variety of services to its members, including professional designation, training certification, education, and legislative representation, as well as ...
A lease of real estate, regardless of the country or state of jurisdiction, fundamentally comprises clauses that define the commercial terms, legal terms and functional terms of the transaction. A Lease Abstract is prepared upon the execution or commencement of the agreement to provide a more simplified, easier to use and shorter reference ...
Although closely related to facilities management and property management, corporate real estate as a concept is usually broader in corporate functional scope but more narrow within the real estate sector. For instance, corporate real estate professionals (or departments) typically dedicate greater emphasis and time on multi-site long-range ...
Assessed value: The value of real estate property as determined by an assessor, typically from the county. "As-is": A contract or listing clause stating that the seller will not repair or correct ...
Building management (in the UK) is a discipline that comes under the umbrella of facility management.Hard services usually relate to physical, structural services such as fire alarm systems, lifts, and so on whereas soft services allude to cleaning, landscaping, security, and suchlike human-sourced services.
Facilities engineering evolved from plant engineering in the early 1990s as U.S. workplaces became more specialized. Practitioners preferred this term because it more accurately reflected the multidisciplinary demands for specialized conditions in a wider variety of indoor environments, not merely manufacturing plants.
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