Working with our alliance partner EquaTerra, we conducted an Opportunity Assessment and analyzed potential savings from outsourcing the facility management, project management and soft services for a pharmaceutical company with a total spend of over $500 million in the U.S. and Europe. We collected data on labor, materials, energy and other costs, and benchmarked those costs against market data by location. We summarized our findings in a business case which projected that savings of 12-15% could be achieved in the near term. We then designed an RFP process that the client's Sourcing Group is now conducting. Initial provider responses have validated the savings estimates, and the internal facilities group has begun implementing some of the "low hanging fruit" recommendations in our report.
