Cofely wins major TFM contract for Kingston
Cofely has won a £40 million TFM (total facility management) contract with the Royal Borough of Kingston upon Thames. The 7-year contract encompasses around 80 corporate (non-housing) properties and has the option to be extended up to a further three years. It is expected to deliver £20million of direct savings over the life of the contract.
A framework arrangement will be established alongside the main contract for similar services to be accessed by schools in the borough at preferential rates.
The contract will see the integration of property maintenance, facilities and energy management and procurement to drive down costs, improve performance and service delivery, while reducing energy consumption and carbon emissions.
In parallel, there will be a transformation of the council’s corporate property to release significant value and generate new income streams through commercialising the estate and assets