FM

FM
facilities management (FM): Arrangements whereby a service provider manages all or some of a user's software, hardware or data processing requirements. This will take place at either the company's premises or at the service provider's own premises.
management of the asset and services by the supplier. The parties, and the PPP contracts, may refer separately to hard FM and soft FM.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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