{"id":64300,"date":"2023-05-24T12:30:47","date_gmt":"2023-05-24T09:30:47","guid":{"rendered":"https:\/\/testi-e2c55b704894.senaatti.fi\/?page_id=64300"},"modified":"2024-02-01T13:44:39","modified_gmt":"2024-02-01T11:44:39","slug":"finance","status":"publish","type":"page","link":"https:\/\/testi-e2c55b704894.senaatti.fi\/en\/about-us\/finance\/","title":{"rendered":"Finance"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><p>[vc_row][vc_column][senaatti_hero heading=&#8221;Finance&#8221; image=&#8221;36901&#8243; text=&#8221;Senate Properties is an unincorporated state enterprise operating under the Ministry of Finance and is self-financing and not included in on-budget activities. Central government rents are based on a gross rent model, which means that Senate should be able to pay all property costs, including renovation, upkeep, borrowing costs and real estate taxes with the rent. Senate makes no profit from rents paid by central government clients. Financial responsibility at Senate means effective use and the preservation of value of real estate assets.&#8221;][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text remove_empty_space_above=&#8221;true&#8221; remove_empty_space_below=&#8221;true&#8221;]The Ministry of Finance sets annual financial and operational targets for Senate Properties and Defence Properties Finland. The Ministry of Finance also decides on the annual revenue entry target and Parliament decides on the service targets and the maximum amount of investment.<\/p>\n<p>Investments in clients\u2019 facilities amounted to more than \u20ac400 million last year and will increase to \u20ac600-700 million going forward. Revenue rendered to central government has averaged \u20ac35 million a year. Revenue entry comprises sales of real estate and returns on premises rented to actors outside of central government.[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text remove_empty_space_above=&#8221;true&#8221;]<\/p>\n<h2><strong>Responsible procurements<\/strong><\/h2>\n<p>We are one of Finland\u2019s largest public procurement organisations. Our annual procurements amount to more than \u20ac800 million. The largest procurements relate to building investments and property upkeep. We particularly employ actors in the construction and real estate sectors, and in 2022 the impact on employment of services we bought amounted to almost 6,000 full-time equivalents.<\/p>\n<p>Effective procurement practices ensure cost effectiveness, high quality and responsible supplier practices in respect of the services and products we buy. By setting high standards for the environmental factors and supplier responsibility in respect of products and services, we promote sustainability across society.[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][senaatti_liftcards card=&#8221;%5B%7B%22label%22%3A%22Leasing%22%2C%22link%22%3A%22url%3Ahttps%253A%252F%252Ftesti-e2c55b704894.senaatti.fi%252Fen%252Fabout-us%252Fleasing%252F%7Ctitle%3ARead%2520more%22%2C%22description%22%3A%22Senate%20Properties%20manages%20around%209%2C000%20buildings.%20We%20lease%20facilities%20to%20government%20agencies%20and%20departments%20and%20provide%20the%20tenants%20with%20the%20services%20they%20need.%22%2C%22image%22%3A%2210892%22%7D%2C%7B%22label%22%3A%22Procurements%22%2C%22link%22%3A%22url%3Ahttps%253A%252F%252Ftesti-e2c55b704894.senaatti.fi%252Fen%252Fabout-us%252Ffinance%252Fprocurements%252F%7Ctitle%3ARead%2520more%22%2C%22description%22%3A%22We%20have%20a%20diverse%20range%20of%20procurements%2C%20which%20includes%20services%20provided%20to%20clients%2C%20services%20needed%20in-house%2C%20construction%20management%20services%20and%20goods%2C%20property%20upkeep%2C%20maintenance%20and%20repairs%20as%20well%20as%20information%20management.%22%2C%22image%22%3A%2259316%22%7D%2C%7B%22label%22%3A%22Invoicing%20instructions%22%2C%22link%22%3A%22url%3Ahttps%253A%252F%252Ftesti-e2c55b704894.senaatti.fi%252Ftietoa-meista%252Ftalous%252Flaskutusohjeet%252F%7Ctitle%3AGo%2520to%2520invoicing%2520instructions%22%2C%22description%22%3A%22Senate%20Properties%20processes%20purchase%20invoices%20electronically.%20We%20use%20the%20Handi%20electronic%20invoice%20and%20order%20processing%20system.%20When%20tendering%20for%20suppliers%20of%20goods%20and%20services%2C%20supplier%20capability%20to%20send%20online%20invoices%20is%20on%20important%20selection%20criterion.%22%2C%22image%22%3A%227331%22%7D%5D&#8221;][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column][senaatti_hero heading=&#8221;Finance&#8221; image=&#8221;36901&#8243; text=&#8221;Senate Properties is an unincorporated state enterprise operating under the Ministry of Finance and is self-financing and not included in on-budget activities. Central government rents are based on a gross rent model, which means that Senate should be able to pay all property costs, including renovation, upkeep, borrowing costs and real estate [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":0,"parent":53450,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-64300","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Finance - Senaatti<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Finance - Senaatti\" \/>\n<meta property=\"og:description\" content=\"[vc_row][vc_column][senaatti_hero heading=&#8221;Finance&#8221; image=&#8221;36901&#8243; text=&#8221;Senate Properties is an unincorporated state enterprise operating under the Ministry of Finance and is self-financing and not included in on-budget activities. 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