I visit this website a lot for information. I don't have the knowledge to answer any of the financial questions but registered as this is the first I've see I can answer.
The building is perfectly safe.
A Mag Lock (Magnetic Lock) is a lock typically fixed to the face of a door (can be internal or external). You can get more expensive discrete ones built into the lock of a door. When power is at the door the magnet is activated and the door locked. If the power fails like in a power cut or the fire alarm is activated the magnetic doesn’t work and the door is unlocked. The idea if the fire alarm fails and power cuts the doors still opens so it’s always safe. A fire alarm also always has a backup battery built into the system ensuring it can unlock doors if needed.
You often get these locks with access control doors too. If someone presents a card to a card reader, a keypad or a button on an intercom the magnet is deactivated for a few seconds allowing you to open the door. The magnetic then re-activates which is why sometimes when someone presses a door release intercom button if you’re not quick enough it relocks. These access control doors sometimes have a release button inside. This is to allow it open when you don’t have a fire or power cut.
The only time I’ve specified these locks when the door doesn’t open in a fire is in secure rooms where drugs are stored and in some Department of Defence rooms where guns are stored. The idea here is you don’t want someone setting off the fire alarm enabling them to get drugs or guns. These are incredibly rare but do exist and have inbuilt security features still allowing you to escape in a fire.
A BMS is a building management system. It's a computer that control heating, ventilation fans, fire alarms, access controls, the time outside lights come on and off, etc. That means someone at a computer with the proper admin permissions could unlock the door if required, for testing purposes for example.