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Real estate profit centre accounting and profitability in FM

The property profit centre calculation is a key tool in facility management for evaluating the profitability of properties. It enables a transparent presentation of the costs and income of a property, which facilitates well-founded decisions. Various types of costs are taken into account in the calculation, including maintenance, operating, administration and financing costs. These are compared with income from rental income, utility bills and other sources. As a controlling tool, the property profit centre calculation is used to analyse and optimise the profitability of properties. In an environment of rising [...]

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CPIP: What is it about intelligent buildings?

Intelligent buildings, also known as smart buildings, are modern structures that integrate advanced technologies to achieve energy efficiency, safety, comfort and operating cost optimisation. These buildings use a network of sensors, actuators and control systems to collect, analyse and respond to data. The main objective is to create an efficient and sustainable building environment that optimally meets the needs of users. The functionalities of intelligent buildings include Automatic adjustment of lighting and indoor climate Monitoring and

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What is GASB 87 Leasing?

The new GASB 87 lease accounting standard is a significant change in accounting for government agencies and government organisations. The Governmental Accounting Standards Board (GASB) developed this standard to improve the recognition and presentation of leases in the financial statements of governmental entities. GASB 87 became effective on 15 December 2019 and has a significant impact on the accounting and financial reporting of government entities. The new standard replaces GASB 13 and introduces significant

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AIA and BAP: requirements for effective BIM processing

The American Institute of Architects (AIA) and the Building Owners and Managers Association International (BOMA) have jointly developed the AIA BIM Protocol (AIA E202-2008) to standardise the use of Building Information Modeling (BIM) in construction projects. The AIA BIM Protocol is a guideline that defines the responsibilities and requirements for the use of BIM in construction projects. It defines the processes required for the creation, management and use of BIM models.

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Efficient project controlling: Successful project management

Efficient project controlling is crucial to the success of a project. It enables the monitoring, control and coordination of all activities within a project. Through project controlling, costs, deadlines and resources can be effectively monitored and managed to ensure that the project is completed within the planned framework. In addition, efficient project controlling enables deviations and problems to be identified at an early stage, allowing project managers to take countermeasures in good time and

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Checklist: Frontloading in the planning and construction process

Frontloading is an important process in the planning and construction process that aims to optimise the planning and preparation of construction projects. The term "frontloading" refers to the idea that much of the planning and preparation work is carried out in the early stages of the project to ensure that all important decisions are made and all potential problems are identified before the actual construction project begins. This approach enables risks to be minimised, costs to be

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Efficient document management system (DMS) for companies

A document management system (DMS) is a software solution that helps companies to manage, organise and archive their documents efficiently. A DMS enables companies to store and manage their paper-based and digital documents centrally. Different types of documents such as text documents, tables, presentations, emails, images and videos can be stored in a DMS. By using a DMS, companies can find, edit and manage their documents quickly and easily.

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The advantages of a planning and construction management application

The automation of processes is an essential part of increasing efficiency in companies. By using technologies such as artificial intelligence, machine learning and robotic process automation, repetitive tasks can be automated, resulting in significant time savings. Employees can thus focus on more challenging and strategic tasks instead of wasting their time on monotonous activities. In addition, automation enables processes to be carried out more quickly, which reduces response times to customer enquiries.

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AIA: Requirements for client information management

Client information management (AIA) is an important part of construction project management that enables the efficient management and provision of information for clients and contractors. AIA encompasses the organisation, structuring and management of information throughout the entire life cycle of a construction project. All relevant data and documents, such as plans, contracts, authorisations and reports, are recorded and managed centrally. The aim of AIA is to improve transparency, traceability and efficiency in construction projects in order to

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The basics of BIM methodology: an overview

Building Information Modelling (BIM) is an advanced method used in the construction industry to create a digital model of a building or infrastructure. This model contains not only the geometric information, but also the physical and functional characteristics of the building. BIM enables the various players in the construction industry, such as architects, engineers, contractors and clients, to collaborate and exchange information in real time. This method is revolutionising the way,

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Strategy in facility management: effective planning and implementation

Strategy in facility management is crucial as it defines the long-term direction and planning of an organisation's resources and activities in the area of building and asset management. A clear and effective strategy helps to achieve facility management goals, optimise costs, increase efficiency and ensure user satisfaction. In addition, a well-thought-out facility management strategy also makes it possible to manage

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Successful project management: tips and tricks

Project management is an important process in companies that is used to plan, organise, control and monitor complex tasks in order to achieve the desired goals. It is crucial as it helps companies to use their resources efficiently, minimise risks and improve the quality of their products or services. In addition, project management enables a clear definition of responsibilities and tasks, which leads to better teamwork.

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Efficient management of debtors

Accounts receivable play a crucial role for companies as they have a major impact on liquidity and profitability. Effective accounts receivable management is therefore of great importance to minimise payment delays and defaults. In this blog post, we will explore and discuss various strategies and measures to improve accounts receivable management. Key Takeaways Accounts receivable are customers who owe money to the organisation and play an important role in financial planning. Effective strategies

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Cloud computing: the future of data processing

Cloud computing is a technology that has become increasingly popular in recent years. It allows organisations and individuals to store and access their data and applications in the cloud rather than storing them locally on their own devices. In this blog post, we will take an in-depth look at cloud computing, explore its benefits for businesses and individuals, and discuss the differences and similarities between cloud computing and traditional computing.

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IoT technologies: networking for smart solutions

IoT technologies, also known as the Internet of Things, are of great importance in today's world. They enable the networking of devices and systems via the internet, opening up a wide range of new possibilities. In this article, we will take a closer look at IoT technologies, explain how they work and discuss their importance for Industry 4.0, businesses, everyday life, smart cities and the future. Key takeaways IoT technologies are networked devices that collect data

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Optimisation of accounts payable processes

The optimisation of accounts payable processes is an important step for companies to increase their efficiency and productivity. Accounts payable processes include all activities associated with the processing of invoices and payments to suppliers. This includes entering invoices, checking invoice data, authorising payments and posting payments to the system. Optimising these processes is important in order to identify and eliminate bottlenecks and weak points. Through

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Common Data Environment (CDE): Efficient collaboration in BIM projects.

In today's digital world, effective collaboration and coordination in construction projects is crucial. A Common Data Environment (CDE) plays an important role in this. In this article, we will explain what a CDE is and why it is so important in BIM projects. Key takeaways A common data environment (CDE) is a central platform on which all project participants can exchange and manage BIM data. A CDE is important for

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Cost accounting: Efficient costing for companies

Cost accounting is an essential part of business accounting and plays a crucial role for companies. It makes it possible to analyse a company's cost structure and understand how resources are used. Cost accounting helps companies to control their costs, improve their efficiency and make informed decisions. In this article, we will take a closer look at cost accounting and examine its various aspects. Key Takeaways Cost accounting is important

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Optimise space management with CAFM software

CAFM software stands for Computer Aided Facility Management and refers to the use of software to manage buildings and facilities. An important component of CAFM is space management, which deals with the efficient utilisation of rooms and spaces. In this article, we will take a closer look at the importance of space management in CAFM software. Key takeaways Space management in CAFM software refers to the management and optimisation of space and facilities.

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