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State of Play: Elements of Economic Development The pursuit of economic development lies at the core of cities and communities striving for prosperity, growth, and improved living standards. While the path to sustainable economic advancement is complex and multifacete [...]
Sustainability in Facility Management: Challenges and Solutions Facility management is crucial in ensuring the effective and efficient operation of buildings and properties throughout the county. Environmental responsibility is seeing greater emphasis than ever before, and facilities [...]
A Reinvestment Approach to Budgeting As we continue towards the end of another budget season, many of us are moving through a marathon of long hours to create our budgets. We are working to create a budget that meets the needs of the building and the financ [...]
Revamping Your Property’s Budget The budget season for 2022 is fast approaching. For some property managers it brings anxiety and dread, and others thrive on preparing their budget. Regardless of which category describes your situation, it is clear that [...]
Utilities and You: Incentives and Rebates From the western coasts of the Pacific to the eastern shores of the Atlantic, and everywhere in between, utility companies manage the energy, water, and gas used by the commercial real estate industry. Utility companies [...]
Lighting Quality: Definitions, Options, and Methods of Measure Lighting quality is an important issue affecting much of the American populace. How do lights affect us? How is that measured? Knowing the terms and information surrounding light quality and measurement can assist proper [...]
Ways to Save: Low-Hanging Fruit Upgrades to your building’s efficiency are not always expensive, some solutions are cheap, easy, and can be done without buying anything or bringing in a consultant. These low-hanging fruits are great for helping your [...]
Measuring Energy Performance: Exploring Today’s Technology and Techniques Energy performance and measurement play a large part in the maintenance and running of a building. They are used for certifications such as ENERGY STAR®, and LEED. They can help compare your building to others, and benc [...]
Budget Season Resources from BOMA International BOMA’s Common Area Maintenance Guide
Allocating common area maintenance charges in a mixed-use development space can often confuse. This guide breaks down day-to-day strategies to be used when budgeting and allocating [...]
Engineering from the Accounting Point of View: How Engineer’s Roles Impact the Bottom Line The bottom line is a term used in accounting that is simply used to refer to net income. Net income is listed at the bottom of an income statement hence the term, the bottom line. To calculate the numerical value for net [...]
Request for Proposal (RFP) Best Practices Creating a solid RFP does not happen overnight. Quite a bit of work goes into the RFP creation process before pen ever meets paper. While it may appear obvious, the process of defining, fully understanding the problem or [...]
Beyond the Price: What to Look for When Buying Supplies Engineers are likely to bring up cost as one of their first considerations when purchasing a product. However, price is only one factor of supplies purchasing. Because different teams have different chains of command whe [...]
The Mathematical Crystal Ball: Lifecycle Costing Life cycle costing is the process of estimating how much money will be spent on a building or asset over the course of its useful life or the terms of ownership. Determining this amount can be a part of due diligence or [...]