NEWS & ANALYSIS FMJ.CO.UK
ASSOCIATION NEWS
PAUL BAGUST, RICS GLOBAL PROPERTY
STANDARDS DIRECTOR, ON THE RICS GLOBAL
CODE OF PRACTICE FOR FM PROCUREMENT
ONE-STOP INSIGHT FOR BETTER WORKPLACES:
IWFM AND RICOH JOIN FORCES
8 JULY 2019
In a sector that
according to the
Transparency Market
Research global report,
was valued at £606
billion in 2015, and is
forecast to be worth
$1,887 billion by the
end of 2024, e
ective
and ethical procurement is a fundamental
foundation for facilities management excellence.
According to CIPS research, organisations
can spend more than two thirds of revenue on
procurement, so even a small cost reduction,
due to following industry best practice
can have a material impact. In
addition, the same research
states that corruption adds
up to 25 per cent of the cost
of procurement contracts
in developing countries
and can add up to 10 per
cent of business costs
globally. According to the
PwC Global Economic Crime
Survey 2014, 29 per cent of
organisations globally have
experienced procurement fraud.
At RICS we feel that discussions about
transparency, ethics and responsible business
need to be built on a foundation of standards and
regulations. We need more standards to ensure
that there is clarity in what people will deliver,
so the supply chain can better understand what
it is buying and selling, and what people will
receive. Failure to deliver this has held us back as
a profession.
In October 2018, RICS launched its first UK
The RICS Procurement of facility management,
professional statement, produced alongside the
International Facility Management Association
(IFMA), and with industry support including CIPS.
The document set out procurement routes and
processes and provided guidance on the factors
that need to be taken into consideration.
The guidance note focuses on the
appropriate procurement route
and all the various factors
needed to deliver an e‡ ective
procurement process that
results in a successful
contract that delivers.
The document was very
well received in the UK and
has had significant take
up from suppliers as well
as clients. The issues raised
that led the to document being
developed are however not limited
to the UK and as a global standards
organisation in the built environment RICS has
been looking at how to develop the document as a
global industry Code of Practice (‘CoP’).
This ambitious and ground-breaking new
document 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.
This will be consistent with the quality standards
expected from RICS professionals and RICS
regulated firms.
This CoP will provide RICS members and RICS
Regulated Firms with guidance and tools to
ensure they are able to provide compliant facilities
management procurement. It will also include
guidance on responsible business, which is
business critical.
This CoP applies to RICS members and firms,
regardless of geography, who are engaged in
o‡ ering these services.
Following an extensive insight gathering exercise
from around the world the revised RICS Global
Code of Practice for FM Procurement is now
available for consultation and we would urge all
professionals to take this opportunity to read and
comment on this dra .
https://consultations.rics.org/consult.ti/
ProcurementFM/consultationHome
“The growing recognition by organisations
that their people’s performance is driven
by physical environments marks our profession’s
greatest opportunity.”
That’s what Chris Moriarty, IWFM’s Director
of Insight and Engagement, had to say last
week launching the Institute’s Creating Better
Workplaces web hub they’ve created with
technology business Ricoh.
Moriarty added: “As the facilities profession
pivots to become a central player in people and
business performance, our insights work is laying
down a rich seam of content and development
opportunities to help professionals grow with this
change.”
The Institute of Workplace and Facilities
Management (IWFM) and technology business
Ricoh have joined forces on a new toolkit to
help workplace and facilities professionals mine
and extract the value that e‡ ective workplace
leadership can bring.
The Creating Better Workplaces web hub
is a one-stop source of workplace essentials,
including insight, guidance and practical learning
opportunities, plus an insider’s view from the
world’s first Chief Workplace O‡ icer. Insight you’ll
find in the Hub includes good practice guides for
topics such as Space Planning and Management,
Ricoh’s Economy of People report and guidance on
how to create an optimal o‡ ice, plus more.
Chas Moloney, Marketing Director from Ricoh
said: “Ricoh recognises that change is driven by
imaginative thinking, so partnering with IWFM on
an initiative as important as helping to shape and
support tomorrow’s workplace leaders is directly
in line with our broader aim to help companies
and individuals transform the way they work and
harness their collective knowledge.”
The partnership is expected to generate further
insights to help individuals and organisations
understand and navigate the space, process,
technology and cultural matters which combine
to create people centred workplaces capable of
driving better outcomes.
Access the Creating Better Workplaces hub at
www.iwfm.org.uk/better-workplaces and check
back to the Hub regularly for updates and new
insight.
At RICS we feel that
discussions about
transparency, ethics and
responsible business need to
be built on a foundation of
standards and
regulations.”
/consultationhome
/better-workplaces
