VFA Named a Finalist For 2009 BIFM Awards

September 15, 2009

Recognised for Creating a Unified Facilities Capital Planning Environment

UPDATE: VFA has been given a “Highly commended certificate” by BIFM for its work with BBC.

Reading, U.K.—September 15, 2009 – VFA, Ltd., the leading provider of end-to-end solutions for facilities capital planning and spend management, today announced that it has been selected as a finalist for the 2009 British Institute of Facilities Management (BIFM) International Investors Awards for FM Excellence in a Major Project. VFA was recognised for working with the British Broadcasting Corporation (BBC) to audit and strategically manage its real estate.

In 2008, VFA audited 127 properties across 48 campus sites at the BBC in the United Kingdom and tracked facilities data for the remainder of the estate—a total of about 483 sites and 62,000 square metres. The corporation deployed VFA.facility® capital planning software as a Web-based, central repository of building data to support the collection and management of a wide range of asset information. This repository enabled the creation of a unified planning environment to assist in critical strategic decisions. With all data in one location, it has gained a complete view of its overall portfolio—by campus, asset or system. Using VFA.facility allows tracking of spend and allocation of funds, and the impact on maintenance spend.

“VFA is honored to be recognised for this prestigious award from the British Institute of Facilities Management,” said Jerry Kokos, president and CEO, VFA, Ltd. “The BBC realised early on that organisations that accurately track the condition and value of their assets benefit from knowing the return on their investment in renovation, demolition, repair and maintenance. Through the implementation of a facility capital planning solution, they have been able to prioritise spend according to corporate strategy and the specific operational needs of the organisation, thereby maintaining output and improving customer satisfaction.”

Founded in 1993, the BIFM provides information, education, training and networking services for more than 11,000 members—both individual professionals and organisations. The BIFM International Investors in FM Excellence Awards recognise the innovative ways in which facilities management delivers best practice and adds value to the working environment. Winners will be announced at the BIFM awards ceremony on October 12 at the Grosvenor House Hotel in London.

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