Article summary
The Royal Institution of Chartered Surveyors (RICS) has published Building Cost Information Service (BCIS) forecasts for the facilities management industry. The forecast outlines that between Q1 2020 and Q1 2026, maintenance costs are expected to rise by 14% and cleaning costs by 18%. In addition, according to the forecast, energy costs will rise by 19%, given the shift away from fossil fuels, and refurbishment and maintenance output will grow by roughly 13%.
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