Several technical schools around the country offer certificates and degree programs for facility management. Since JVs are regulated lightly in the Civil Code – and since the issues around a JV are usually complex – careful and detailed preparation of the JV agreement is essential. Where the joint venture will be undertaking "works" or "services" or providing "supplies" within the meaning of PCR 2015, and where the public sector joint venture party is receiving financial or other benefits from those works, services or supplies that exceed the relevant financial threshold, then it is likely that the procurement of the private sector joint venture is a "public contract" and should be subject to a regulated procurement exercise. Here are my top choices for comprehensive and well-researched books on maintenance, reliability, and facility management. If you’re creating your initial staff for a new apartment, I suggest starting with one technician per 150 to 200 units in addition to your manager. Although measuring costs may be challenging, it’s important to understand the different categories so you have a good starting point. A new business is created to which each party contributes resources such as land, capital, intellectual property, skills, credentials or equipment. With lots for the public sector body to consider, the strategic use of the procurement rules can provide a forum for the parties to discuss and agree these terms, and plan for the long-term viability and profitability of the joint venture. A Joint Venture is a temporary form of business, where two or more persons join together to meet the short term objectives. Essentially, a company or individual provides a design and the contractor builds that design. Save money on early replacement costs and flag expiring warranties. Selecting your construction procurement method should be based on the resources, budget, and timeline you have in hand. Here are some cool trends that are already being adopted by the leaders in the facility mangement industry - Virtual Reality, Robotics, Internet Of Things. Ge… A joint venture (JV) is a commercial alliance between two or more separate entities that enables them to share risk and reward. Public/private joint ventures have become popular procurement options for the public sector, as a way to benefit from the private sector's innovative service delivery and duty of care, while retaining significant influence over the governance and operation of the joint venture entity delivering the works. Keep a step ahead of your key competitors and benchmark against them. General contractors who invest in preventive maintenance may provide higher quality work at lower costs. The three biggest mistakes facility managers make are related to being overfocused on budget, not listening to employees, and inventory maitenance. With so many options available, it's important to know the ins and outs. Trigger maintenance tasks based on equipment use. Joint venture is not very easy procurement method to adopt since it requires a lot of trust and mutual understanding. the leader)[8] for achieving the purpose of the JV, and on dissolution of the JV[9] it will be returned to the various partners. All of these have implications for facilities maintenance departments. Each method has its advantages and disadvantages and is best suited for a particular type of project. If you’re looking for a world-class benchmark, you can shoot for 4 percent of your total labor costs, which can be dedicated to training. Joint ventures in relation to third parties Public procurement law includes few provisions regarding JVs. To avoid being in breach of the procurement rules, public sector parties are encouraged to consider their procurement obligations as part of the strategic planning of any joint venture. When a work request is submitted, management determines whether to approve them. Issues to consider when procuring joint ventures. A regulated procurement process to appoint the private sector partner fits naturally into this approach.