What are the main challenges today before the FM industry?
Qada: We have many challenging areas in our area of business such as the economic climate and professional manpower availability in the FM sector. Bashy: Regulation and transparency are the two main challenges for the FM sector. Better regulation will ensure that end-users are not being duped by low prices and a false economy does not enter our market. Transparency will ensure that FM providers build up a level of trust in the market so that our services become an indispensable part of buildings development. Kennedy: Lack of cash-flow is one of the main challenges the FM sector faces. Kumar: Rising employment costs and erosion in profit margins are some key challenges to the FM industry. Also, a big challenge is to find a suitable FM professional as most of them are recruited directly from MEP companies who are not aware of the full concept of FM. They think implementing FM is expensive and a financial burden, hence they employ their own maintenance team members without proficient and
