Welcome to episode 24 of Let’s Talk Facilities. In this episode, Aaron Kelly and Nick Grace sit down with Ujwal Lakra for a clear, grounded conversation on the difference between facility management and asset management.

Ujwal breaks down how each role brings its own priorities, responsibilities, and pressures, and why understanding the line between the two is essential for making smarter decisions across the lifecycle of a building. He shares practical guidance on aligning day-to-day operations with long-term asset value, managing expectations from different stakeholders, and creating better outcomes by knowing which hat you’re wearing.

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