What mechanism should be used to evaluate the work of an outsourced property management contract?
A.
Create a checklist in the scope of work.
B.
Describe the expected performance of the contract.
C.
Clearly identify Key Performance Indicators.
D.
Research Best Practices for outsourcing.
The Answer Is:
C
This question includes an explanation.
Explanation:
Key Performance Indicators (KPIs) are essential for measuring the success of outsourced facility management services. The IFMA Finance and Business competency emphasizes performance-based contracts and measurable service levels.
Option C (KPIs) is correct because quantifiable metrics ensure objective performance evaluation.
Option A (Checklist in Scope of Work) provides clarity but does not measure ongoing performance.
Option B (Describing Expected Performance) is important but lacks measurable targets.
Option D (Researching Best Practices) informs strategy but does not provide direct evaluation mechanisms.
KPIs enhance accountability, ensure service quality, and align contractor performance with business goals.
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