The Leading News & Information Service For The Facilities, Workplace & Built Environment Community

SFG20 Launches Online Tool to Help FMs Estimate Maintenance Costs

SFG20 Launches Online Tool to Help FMs Estimate Maintenance Costs
20 April 2023
 

A digital tool to help facilities managers accurately price the specific maintenance requirements of any building has been launched by SFG20.

The SFG20 Resource modeller is intended to help cut long-term operating costs, meet low carbon targets, and ensure equipment performs well for its full intended operating life.

 

“The complexity of estimating maintenance, particularly in large commercial new builds or refurb projects, has defeated many project teams. However, the financial and environmental impact can be colossal particularly as around 80 per cent of the total cost of a building is accounted for during its operational life.”

– Paul Bullard

Product Director, SFG20

 

Using a building’s details, such as its location, internal floor area and asset list, the tool creates a bespoke maintenance plan and maintenance schedule. It also gives FMs the necessary data to explain their estimates to clients and defend expenditure. The tool complies with the RICS new rules of measurement (NRM) and gives users access to a central hub of maintenance schedules and checklists to help ensure each building project is compliant with UK legislation.  

The tool has been recognised as one of the top facilities management innovations in the past 12 months by voters in the 2023 Tomorrow’s FM Awards.

SFG20 Product Director Paul Bullard said: “The complexity of estimating maintenance, particularly in large commercial new builds or refurb projects, has defeated many project teams. However, the financial and environmental impact can be colossal particularly as around 80 per cent of the total cost of a building is accounted for during its operational life.”

“Using floor area as a rule of thumb is usually little better than guesswork, particularly in multi-use buildings and specialist facilities where operating and occupancy patterns can be difficult to predict. This often leaves the building operator with an expensive legacy.

“The need for a tool that can eliminate much of that guesswork has been there for some time and we were delighted to be able to bring Resource Modeller to the market.”

Picture: photograph of three people in discussion, all wearing protective hard hats. Image Credit: Unsplash

Article written by Ella Tansley | Published 20 April 2023

Share



Related Articles

BESA, RICS and NBS Unite to Align on Building Data Standards

In what has been described as “a momentous game-changing moment”, RICS, BESA and NBS have created a roundtable collaboration forum, to align the data...

 Read Full Article
RICS to Gather Input on Residential Retrofit Standard

RICS has launched an eight-week-long consultation to gather opinions from industry professionals on the new RICS Residential Retrofit Standard for 2023. The data...

 Read Full Article
Raising Interest Rates Put Pressure on FMs

The team behind the SBFM maintenance standard predicts that rising interest rates will pile pressure onto building owners and managers to get their operating costs under...

 Read Full Article
Claire Curran Elected as New BESA President

Claire Curran from Linaker has been elected President of the Building Engineering Services Association for 2023/24. Claire has almost 25 years of experience...

 Read Full Article
RICS Appoints Justin Young as New CEO

The Royal Institution of Chartered Surveyors has announced that Justin Young will join as CEO on 5 July 2023. The membership body continues to make changes to its...

 Read Full Article
Airthings Brings ‘FM in Your Pocket’ App to Facilities Show

Airthings has launched a new data monitoring app for facilities managers at the Facilities Show in London. Airthings produce award-winning radon and indoor air...

 Read Full Article
Equans Launches Digital Decarbonisation Platform

FM and technical services brand Equans has launched a new digital platform to help organisations manage large estates. “Smartr” communicates data from...

 Read Full Article
TEAM Software and Orka Upgrade FM Contracting

TEAM Software by WorkWave has partnered with Manchester-based WorkerTech scaleup, Orka, to innovate securing cleaning and security contracts in the FM industry. By...

 Read Full Article
2023 – A Year for Human-Centric Maintenance?

Felipe Ávila da Costa, Co-Founder & CEO at Infraspeak, shares his reflections on the past year and his predictions for human-centric maintenance in...

 Read Full Article
Martin Samworth Named as New Chair of RICS Board

RICS has announced that its new Board Chair will be Martin Samworth FRICS. The establishment of this new RICS Board is one of the key recommendations from June...

 Read Full Article