RICS is inviting comments on its new draft Code of Practice: Procurement of facility management.
A global industry Code of Practice, Procurement of facility management is aimed at property professionals involved in a facility management procurement process either within their territory, region or globally. This includes property managers, directors of estates, heads of FM, consultants, RICS-regulated firms acting for a landlord and FM suppliers procuring services from subcontractors.
The code seeks to introduce a set of globally agreed, general guiding principles and associated guidance to reduce risk, increase competency of those engaged in related services, consistency and transparency and further trust for all stakeholders in the process of procurement in facility management.
Procurement of facility management provides RICS members and RICS Regulated Firms with guidance and tools to ensure they are able to provide compliant facility management procurement. It will also include guidance on responsible business, which is business critical.
This Code of Practice applies to RICS members and firms, regardless of geography, who are engaged in offering these services.
Responses to this consultation close at midnight 31 August 2019.