New NEC FM contracts revealed: a bespoke option
12 Mar 2021
A new suite of FM contracts aim to offer a more consistent procurement strategy
The facilities management market is worth around £120bn per year in the UK. Despite its size, it has lacked a dedicated contract form, until now.
At the end of January 2021, NEC launched a new suite of contracts dedicated to the facilities management industry, developed following research into the FM sector, stakeholder workshops with Institute of Workplace and Facilities Management members and individual consultations.
The suite is designed to be used for all types of facilities management procurement and delivery strategies including integrated services FM contracts (or ‘total FM’), managing contractor FM contracts, and single and/or multiple supplier FM contracts.
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Published February 27, 2021, 8:13 AM
Pangilinan-led PXP Energy Corporation has substantially trimmed its consolidated net loss last year to P76.3 million compared to a considerably enormous scale of P297.2 million in 2019.
On a core net loss basis, the company was also able to bring that down to P45.7 million in 2020 versus the heftier level of P79.8 million in the previous year.
That extent of financial performance then had also significantly reduced PXP Energy’s consolidated net loss attributable to equity holders of the parent firm to P56.1 million last year as against P272.1 million in 2019.
The energy company reported that its consolidated petroleum revenues last year dipped by 58.3-percent at P30.3 million vis-à-vis a more robust turnout of P72.5 million in 2019.