Reimagining real estate and facilities management outsourcing: A bp and JLL case study

Kate Vitasek, Cherie Duddridge, Alexander Lundin and Valerie Bonnin
Additional contact information
Kate Vitasek: Global Supply Chain Institute, University of Tennessee, USA
Cherie Duddridge: bp, USA
Alexander Lundin: EY Consulting, Sweden
Valerie Bonnin: Incendium Consulting, UK

Corporate Real Estate Journal, 2023, vol. 13, issue 1, 54-69

Abstract: In 2019 bp set out to renew its facilities and real estate contracts. What began as a typical request for proposal exercise turned into a complete reinvention of the bp workplace organisation. The team got a boost when Bernard Looney took the helm as bp’s Chief Executive Officer (CEO) in February 2020. Looney’s vision was the most far-reaching transformation in bp’s 112-year history: to transform bp from an international oil company to an integrated energy company by shifting bp’s focus from producing oil and gas resources to one that delivers energy solutions. bp’s ambition is to become a net-zero company by 2050 or sooner, and help the world get to net zero. bp’s workplace team accepted the challenge; the simple contract renewal they had started needed to be reimagined. This case study goes behind the scenes and shows how the parties pulled off what many in bp thought was impossible, especially in the middle of a pandemic when 100 per cent of the work had to be done virtually.

Keywords: bp; JLL; outsourcing; Vested; Vested Outsourcing; innovation; transformation; facilities management; sustainable sourcing (search for similar items in EconPapers)
JEL-codes: R3 (search for similar items in EconPapers)
Date: 2023
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