FM Director February 2023

Page 12

12 | February 2024

CONTRACT MANAGEMENT

Maintaining the balance between client and service provider Official agreements are essential in providing clear detail on the scope of services required from FM contractors, but can they be future-proofed to ensure they remain relevant in the future?

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ne of the most frequently-shared pieces of information from FM service providers is the announcement of a new or updated contractual agreement. Contracts are seen as an essential element of business operations by both clients and service providers, which are typically used to formalise the agreement between the main stakeholders and provide a clear understanding of all the requirements involved.

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In addition to setting out the scope of works included in the deal, they should also include the payments agreed and all terms and conditions. These agreements are regarded as essential in providing protection to both the client and the service provider, ensuring that the services set out in the agreement are delivered, while also allowing those providing the services to receive the correct level of remuneration.

15/02/2024 09:51


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FM Director February 2023 by FMBD Media - Issuu