Why IFM contracts make more sense, Asteco
Asteco engages with several FM suppliers and the firm’s managing director John Stevens says why single service contracts make more sense from their point of view
Property services company Asteco manages close to 20,000 units in the UAE.
Out of which 70% is in the residential sector, a little more than 20% is commercial and 7% to 8% is in the retail.
Asteco engages with several FM suppliers and the firm’s managing director John Stevens says why single service contracts make more sense from their point of view.
“The challenge we face is that we cannot use our influence to buy bulk services. We cannot have a relationship with a single FM company because in most cases a building is tendered individually. We have no full service FM contracts, all of our buildings are individually tendered and we manage each function accordingly — hard and soft services,” Stevens says.
Moreover Stevens isn’t too impressed with FM suppliers billing the ‘one-stop shop’ solution.
He explains: “FM companies are not always offering integrated services — they might be good at doing security and cleaning or MEP but not HVAC. Whereas if we tender individually there is a better possibility of getting the best in each field. And whilst on larger scale developments there is a certain value, I cannot see it being too viable from a landlord’s perspective.”
You can read the full interview with John Stevens here.