FF&E - Furniture, fixtures and equipments - What is FF&E in business plan? FF&E refers to the procurement of furniture, fixtures and equipment. They are items classified as personal property.. Examples of FF&E include desks, chairs, computers, electronic equipment, tables etc which is a procurement for hotels, school, universities, hospitals or any type of an office. An explicit FF&E plan will allow a business to manage capital expenditure and budgets more effectively as well as reduce the risk of the business losing money. What Is Business Plan - Need Help Starting Your Business? Click Here now
Use FF&E in a sentence
After the suspicious fire, the insurance adjusters scoured the company's FF&E list, questioning a lot of the newer and more expensive items.
The FF&E part of our inventory was depreciating at a rate that was better than we expected so we gained value from that.
If you are setting up a new office having good FF&E can be a way to raise the moral of your future staff.
The FF&E part of our inventory was depreciating at a rate that was better than we expected so we gained value from that.
If you are setting up a new office having good FF&E can be a way to raise the moral of your future staff.
Furniture fixtures and equipment FF&E
FF&E refers to the procurement of furniture, fixtures and equipment.
This might be procured separately to the main construction contract (or elements of them), particularly by clients that already have systems in place for procuring fixed and loose furniture, fittings and equipment, for example schools, universities, or hospitals.
It is very important under such circumstances to define very clearly which contract every element of FF&E is within (for example there may still be unusual or large items that it may be more sensible to procure under the may contract). It is also important to ensure that any building work required for the installation of such items is identified and procured, that any services required (such as power or drainage) are identified and that the installation of FF&E is properly integrated into the main contract.
This might be procured separately to the main construction contract (or elements of them), particularly by clients that already have systems in place for procuring fixed and loose furniture, fittings and equipment, for example schools, universities, or hospitals.
It is very important under such circumstances to define very clearly which contract every element of FF&E is within (for example there may still be unusual or large items that it may be more sensible to procure under the may contract). It is also important to ensure that any building work required for the installation of such items is identified and procured, that any services required (such as power or drainage) are identified and that the installation of FF&E is properly integrated into the main contract.
Requirements that affect the main contract might include:
Built in equipment requiring mechanical or electrical connections such as fume cupboards or drinks stations. A description of built in equipment should include; location, size, and requirements for power, air, water, drainage and telecommunications connection.
- Built in equipment that does not require services such as cupboards or shelving. These should be described in terms of their location and size.
- Stand alone loose furniture and equipment requiring services, such as washing machines, coffee machines and scanning equipment in hospitals. These should be described in terms of their location, size, and requirements for power, air, water, drainage and telecommunications connection.
- Stand alone loose furniture and equipment not requiring services such as tables and chairs. These should be described in terms of their location and size.
It is also important that any elements that are outside of the main contract are included in the client's cost plans.
FF&E can be procured from specialist suppliers, or suppliers with whom the client already has a long term relationship. This may include maintenance arrangements. Some elements may be specially designed by FF&E designers or sourced by FF&E consultants.
FF&E can be procured from specialist suppliers, or suppliers with whom the client already has a long term relationship. This may include maintenance arrangements. Some elements may be specially designed by FF&E designers or sourced by FF&E consultants.
HOW DOES FF&E WORK
FF&E for Successful Projects
When planning a any project like school, hospital, hotel, etc, the company you select to provide
FF&E services will play a key role in operational efficiency and a
successful project. From service reliability and attention to detail to
project management with time sensitivity, the FF&E services help ensure your project remains within its budget and timeline with minimal disruption.
“A hotel opening is a complex operation; one step in preparation of a hotel is placing numerous purchase orders with suppliers worldwide. To ensure that furniture, fixtures & equipment (FF&E) and operating supplies & equipment (OS&E) are bought, delivered and installed, sourcing, buying, transportation must be optimally coordinated, meet rigorous requirements, and ensure that the right goods arrive at the right site and at the right time.”
Begin your search for a provider during the early planning phase of
your project. Ideally, the company you hire can properly handle the full
supplying needs of your project, from packing and storage of current
furniture, fixtures and equipment (FF&E) to freight management,
delivery and installation of any new FF&E merchandise.
Owners and developers then
have the necessary tools and information needed to get a project
underway, including budget development, financing, and leasing options.
A good FF&E team can manage the entire FF&E purchasing process for every
area of your hotel, including guest rooms and corridors, lobbies,
restaurants, lounges, meeting rooms, pool and patio areas, laundries, administrative offices,
business centers, fitness centers, back-of-house, administrative areas,
and interior signage. FF&E teams will tracks all projects using a
proprietary comprehensive project supply management program that tracks
each project’s process, including budgets, prices, expediting, delivery,
reporting, and analysis, from inception through completion.
- Project designing
- Competitive bidding for project items
- Personalized attention and complete oversight of Furniture, Fixtures, & Equipment (FF&E) and Operating Supplies & Equipment (OS&E) Purchases
- Project status, budget & recap reports at intervals determined by you
- Managers with wide-ranging experience from focused-service hotels to luxury and large resort projects
- Model room build-out experience
- Assistance with designer contacts
- Pre-screened contacts for installation & warehousing management
- Pre-approval of any changes prior to purchasing
- Expediting and logistics management
- Freight consolidation
- Product Improvement Plan (PIP) assistance
- Claims assistance
- Post project assistance with warranties, replacements & suppliers
Guest Room Packages
With Guest Room Packages, you get customization, functionality, and
value and your guests get all-inclusive décor schemes designed to fit
their personal needs.
Custom Look
FF&E teams work closely with reputable soft good manufacturers to ensure that
the products and specifications are custom-tailored to your brand’s
specific standards. All of our case goods manufacturers use only the
highest quality materials and workmanship to ensure not only beautiful
furniture, but functionality and durability as well.
Functionality
Brand-approved guest room packages have undergone tried-and-true
tests in real hotel environments to ensure their functionality and
durability.
Value
FF&E companies leverage the volume of the entire FF&E portfolio to
secure best-in-class pricing on all of our products and services,
creating extraordinary values for you.
Customer Support
FF&E
has long been known for our unparalleled customer service and support.
The team of professionals will ensure that your project, including the
design you select and the products and services you need, will be
handled with the utmost attention and care from start to finish.
Managing FF&E Logistics
Ideally, you will have the FF&E scheduled for removal fully
inventoried and procurement of new merchandise handled well in advance.
With a boom in hotel renovations, lead times for FF&E products are
longer than usual, so strategic planning is necessary to ensure timely
and cost-effective delivery of new merchandise. The hotel logistics
provider you select should be capable of properly handling many of the
details for you, from strategic planning to inbound freight management,
warehousing, delivery and installation.
The company should make it possible for you access inventory and
tracking data, which can be helpful in making scheduling and
construction-related decisions, and assist in coordination of any
necessary scheduling changes. You will want a trained white-glove crew
to ensure timely installation of your FF&E in flawless condition
without damage to your facilities. The right FF&E logistic company
will provide one.
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Reference and Sources
http://www.designingbuildings.co.uk/wiki/Furniture_fixtures_and_equipment_FF%26E
http://www.delventohome.com/plus/how-does-ffe-work/
http://www.businessdictionary.com/definition/FF-E.html
http://www.businessdictionary.com/definition/FF-E.html