Business owners and executives alike are busy people, and moving into a new office space makes things busier, and can be especially stressful. Dealing with contracts, moving companies, and other logistics alone can require an entire task force, not to mention FF&E.
Hiring an FF&E company can make the process easier on everyone. But what is FF&E? Is it beneficial to use a specialist? Yes. Take a load off your team’s shoulders and increase productivity by hiring out the task of FF&E procurement.
What Does FF&E Mean in Business?
The term “FF&E” is used often in business, especially when setting up a new office space. It stands for furniture, fixtures, and equipment. FF&E describes the gear in an office space that has no permanent tie to the actual structure of the building (or utilities).
It also includes any items not included in the contract between the building contractor and the business owner. That might include desks, bookshelves, chairs, or lamps. FF&E is also a construction reference term, alluding specifically to the aspects of a business’s office space that aren’t attached to the building itself. This is an important difference.
FF&E is a crucial concept for tax and accounting purposes in a business. Any items included in FF&E will go towards calculating depreciation in a certain way, which will affect a company’s book value. It’s an important concept that can be difficult to wrap your head around.
How Can You Benefit from FF&E Procurement?
FF&E procurement is when a specialist provides end-to-end management of FF&E specification, procurement, and implementation. Working with an FF&E specialist will allow you to leverage their extensive knowledge and experience to effectively source the equipment you need.
Many business owners will choose to hire an FF&E specialist or manager to handle the logistics of everything. It can benefit your business overall by giving you back time, money, and other resources.
Learn More About FF&E
FF&E is a complex topic that requires in-depth knowledge and understanding. That’s part of the reason it’s highly beneficial to hire an FF&E logistics and procurement company to streamline the process and increase your overall productivity.
Whether you’re dealing with logistics from your current office or getting ready to move into a new office space, the more educated you are, the better. Learn more about what FF&E is and the details that go into it in this article.