by Rebecca Walker — September 7, 2009—ABM Engineering Services has been awarded a contract to be LBA Realty’s exclusive provider of a full range of engineering maintenance services for LBA’s entire portfolio of commercial real estate properties, the company announced. ABM Engineering Services is a subsidiary of ABM Industries Incorporated.
Under the terms of the agreement, ABM Engineering Services will partner with LBA to assume the engineering operations and maintenance needs of the real estate company’s entire commercial portfolio. ABM Engineering Services will conduct comprehensive facility audits at all of LBA’s properties, develop strategies to improve operational and mechanical efficiencies, and create an energy reduction plan to reduce the portfolio’s overall carbon footprint.
The agreement also incorporates a number of new performance metrics that will allow both parties to benefit, through shared savings and rewards, when ABM Engineering meets or exceeds targets for specific measurable, operational improvements to LBA’s portfolio, says ABM.
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