Blockchain Technology
Distributed ledger technology that provides secure, transparent record-keeping for facility transactions and documentation.
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Blue Ocean Strategy
An approach to strategic planning that focuses on creating new market space and making the competition irrelevant, rather than competing in existing markets.
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BOMA (Building Owners and Managers Association)
Professional organization that provides education, research, and advocacy for commercial real estate professionals.
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BOMI (Building Owners and Managers Institute)
Educational institute that provides certification and training programs for real estate and facility management professionals.
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Bottom-Up Estimating
A cost estimation approach aggregating individual task costs.
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Breakout Area
Informal spaces for short meetings, socializing, or alternative work settings.