Great Vendors and How Property Managers Can Find Them

For several years ahead of establishing TheBiddingSpace.com, we’d listened to concerns from property and facility managers pertaining to not being able to identify good vendors, or even having the ability to obtain reliable information on the vendors that they had considered. With all the different tasks that property managers need to complete every day, like performing inspections, completing paperwork, and dealing with tenant focused difficulties, looking for a good vendor should not be a difficult one.

Once we set about talking with property managers concerning the process of selecting and hiring vendors like security guard, landscaping, or trash collection vendors, we discovered several things. One of which was that even though many property managers couldn't help but feel that selecting good vendors was crucial, many simultaneously believed that one vendor was the same as another. However when talking to property managers that had experienced vendors providing GREAT service, they thought differently. The simple truth is, although vendors in any particular industry might provide identical types of services, the way that they approach executing against those services is the place where the contrasts lie.

When you're focused on locating GREAT vendors to provide you solutions and services for your location, there are 2 things that will always aid in your selection process. First is getting verifiable and impartial comments from previous customers for vendors that want to provide service within your property or facility. Second is designing an easy and efficient strategy to make an apples to apples assessment of vendor proposals.

Typically, the standard way of getting comments from a vendor's existing clients is asking for business references. When asking for business references, we propose that you expressly require business references for customers that have properties or facilities, much like yours, in terms of industry and total size. So, as a GM for a 50 room hotel seeking security guards, then a security guard vendor ought to provide references from facilities that are just like yours. What our company has noticed is the fact that vendors which often concentrate on serving larger businesses, aren't often ready to the desired quantity or quality customer care for small accounts…and vice versa.

Moreover, we generally recommend that you ask for information on a contract or customer that the vendor had fairly recently lost for a problem aside from price and exactly what the vendor did to make certain that that situation would not likely occur again. We make this suggestion for two main reasons. The first is to judge the overall integrity of the vendor. Is that company willing to inform you of an occasion that they were unable to deliver on their service; and secondly is generally to examine how they address client dissatisfaction. If there were deficits associated with the service, did they attempt to correct them with the customer and you will also find out the way they are making certain this doesn't occur again?

Lastly, as a potential buyer you should attempt to make sure that each vendor is answering your request for proposals in a way that makes it possible for one to make an apples-to-apples comparison. Provide a list of specific questions which every vendor should address. For instance: Years in Business, Annual Revenue, Cost/sq.ft, Hourly rate, etc. If circumstance permits, we'd even recommend you develop a spreadsheet for every vendor to complete that can make the side-by-side comparison easier.

As a property or facility manager, it is incumbent of you to get the most that you can working with a typically limited budget. So, if you are looking for a new vendor to deliver solutions at your property or facility, be sure that you getthe most effective service possible for your property's dollar. Locate references from present-day clients and former end users who are comparable to you and make apples to apples comparisons amongst your vendors. If you try these tips you will be that much nearer to obtaining the service you deserve.

Or better yet, let TheBiddingSpace.com help you find a GREAT vendor for your project.