Benchmarking Exchange (BEX), a new online benchmarking system created by IFMA, will analyze the association’s surveys to generate customized reports based on each user’s needs.
The tool preserves departmental resources, determines which costs to investigate first, and locates hidden opportunities to demonstrate the facility department’s value, according to IFMA. The online system’s features include:
The initial survey will cover fundamentals, such as annual facility costs. Future additions will focus on general operations and maintenance issues, healthcare O&M, and space and project management. The tool is available at www.ifma.org/BEX.