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Risk management in property development

Risk management plays a central role in property development, as it forms the basis for well-founded decisions and strategic planning. In a sector characterised by uncertainty and unpredictable market developments, a systematic approach to identifying, assessing and managing risks is essential. Property developers face a variety of challenges, including economic fluctuations, regulatory changes and technological innovations. Effective risk management enables developers to recognise potential threats at an early stage [...]

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How to successfully implement a CMMS

A Computerised Maintenance Management System (CMMS) is a software-based solution for managing and optimising maintenance processes in companies. It enables the systematic planning, execution and documentation of maintenance activities for plant and equipment. The main functions of a CMMS include: 1. asset management: recording and monitoring of all assets and their technical data. 2. maintenance planning: creation of preventive and corrective maintenance plans. 3. order management: generation, allocation and tracking of maintenance orders. 4. spare parts management: management of stock levels

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Efficient contract management according to §2b UStG

The introduction of Section 2b of the German Value Added Tax Act (UStG) has a significant impact on contract management in legal entities under public law. This paragraph regulates the VAT treatment of services provided by legal entities under public law. In contract management, this means that public law entities must review their activities for their VAT relevance. This applies in particular to services that are provided within the scope of public authority, as well as co-operations between public institutions. The correct

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Organisational negligence in FM: How to avoid it in 2024?

In the complex world of facility management, organisational failure (or at least organisational negligence) can have far-reaching consequences that go beyond immediate physical damage. From potential property damage and personal injury to long-term damage to an organisation's reputation, the risks are high. This article explores what organisational negligence (because that's at least what the allegation is about...) means, the types of harm that can occur and effective strategies to address it.

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VAT obligation for electronic services: What does §2b UStG mean

The VAT liability for electronic services in accordance with Section 2b UStG is a central regulation in German tax law. It defines the tax obligations for companies that provide electronic services. Electronic services are digital products and services that are provided via electronic networks. This provision has far-reaching effects on the tax treatment of companies in the digital sector. § Section 2b UStG specifically regulates the VAT liability for legal entities under public law that

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Digital message management in claims processing

Digital incident management is a central element of modern claims processing in various branches of industry. It involves the systematic recording, processing and forwarding of information on loss events and incidents using digital technologies and systems. In the past, the documentation and processing of such data was mainly carried out in paper form, which often led to delays and inaccuracies. The implementation of digital reporting management systems enables companies to significantly increase the efficiency and optimisation of their claims handling processes, for example in

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Low-code vs. no-code: The most important differences

Low-code and no-code are innovative technologies in the field of software development. Low-code platforms enable developers to create applications with minimal manual programming effort through the use of visual development tools and ready-made components. No-code platforms go even further and allow people without programming skills to develop applications using drag-and-drop functions and ready-made templates. These technologies are becoming increasingly important as organisations drive their digital transformation and cope with the growing demand for applications. Low-code and

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What does a tax audit mean?

A tax audit is a systematic examination of a company's tax situation by the tax authorities (and as long as you're not Al Capone, everything should be fine, just to clarify...). It serves to verify the accuracy and completeness of tax information and compliance with applicable tax laws. The audit can cover one or more tax periods and involves analysing accounting records, receipts and other relevant documents. Tax audits can be announced

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Legacy software: upgrade or replace?

Legacy systems play a central role in the modern corporate landscape and form the foundation for numerous business processes. These systems, which have often been in use for decades, have established themselves as reliable and robust platforms. They house critical company data and processes that are essential for smooth business operations. Many organisations rely on legacy software to run their day-to-day operations and achieve strategic goals. Because of their importance in areas such as ERP,

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Meaning of computer forensics

Computer forensics is a specialised area of digital forensics that deals with the systematic investigation of computer systems, networks and digital storage media. The aim is to secure, analyse and present digital evidence for legal purposes. This discipline has become increasingly important in recent years due to increasing digitalisation and the associated cybercrime. Computer forensic investigations cover a wide range of digital devices, including computers, smartphones, tablets, servers

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What is GASB 87 Leasing?

The new GASB 87 lease accounting standard is a significant change in accounting for government agencies and government organisations. The Governmental Accounting Standards Board (GASB) developed this standard to improve the recognition and presentation of leases in the financial statements of governmental entities. GASB 87 became effective on 15 December 2019 and has a significant impact on the accounting and financial reporting of government entities. The new standard replaces GASB 13 and introduces significant

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Efficient project controlling: Successful project management

Efficient project controlling is crucial to the success of a project. It enables the monitoring, control and coordination of all activities within a project. Through project controlling, costs, deadlines and resources can be effectively monitored and managed to ensure that the project is completed within the planned framework. In addition, efficient project controlling enables deviations and problems to be identified at an early stage, allowing project managers to take countermeasures in good time and

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Myths and truths about agile project implementation

In recent years, agile project implementation has become increasingly popular. This approach aims to deliver results quickly and adapt to change. In this blog post, we will discuss some of the myths and truths surrounding agile project delivery. What is agile project delivery? Agile project delivery is an approach that aims to deliver results quickly and adapt to change. It is a flexible and iterative approach that

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As-built data: Optimisation of construction projects

As-built data is information that documents the actual condition of a building or facility after the construction phase has been completed. This data includes all changes made during the construction process and all deviations from the original construction plan. As-built data can contain various types of information, including technical drawings, CAD models, survey data, material lists and other relevant documents. They are used to accurately record and document the current condition of a structure or facility in order to ensure a

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Facility management during construction: efficient building management

Construction-related facility management refers to the administration and management of buildings throughout their entire life cycle, from the planning phase through to utilisation and maintenance. It includes the coordination and monitoring of various services, such as cleaning, security, maintenance, energy supply and waste management, to ensure that a building is operated efficiently. The aim of facility management during construction is to extend the service life of a building, optimise operating costs and increase comfort.

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Common Data Environment (CDE): Efficient collaboration in BIM projects.

In today's digital world, effective collaboration and coordination in construction projects is crucial. A Common Data Environment (CDE) plays an important role in this. In this article, we will explain what a CDE is and why it is so important in BIM projects. Key takeaways A common data environment (CDE) is a central platform on which all project participants can exchange and manage BIM data. A CDE is important for

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Effective accounting guidelines for companies

Effective accounting policies are critical for organisations, regardless of their size or industry. They serve as a guide for the proper recording, processing and reporting of financial transactions. By implementing and adhering to such policies, companies can ensure that their financial data is accurate and reliable, which in turn supports decision-making at all levels of the organisation. In addition, effective accounting policies help to ensure compliance with legal regulations and tax obligations,

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Manage outdoor facilities in CAFM software

Nowadays, facility management is playing an increasingly important role in ensuring the smooth functioning of buildings and facilities. An important component of facility management is CAFM software (Computer Aided Facility Management), which supports the management and organisation of buildings and facilities. In doing so, the interior spaces and technical facilities are often taken into account, but the outdoor facilities are often neglected. In this article, we will analyse the importance of outdoor facilities in

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Operator responsibility with CAFM

Operator responsibility is an essential component of facility management and refers to the responsibility of the operator of a property for its proper operation and maintenance. It encompasses a variety of tasks and obligations designed to ensure that the property complies with legal requirements, minimises risks, achieves sustainability goals and ensures customer satisfaction. To fulfil this responsibility effectively, Computer Aided Facility Management (CAFM) can provide valuable support.

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