Building Engines Blog | Assets & Maintenance | Vendor Management
There is a quote by American author Kurt Vonnegut, which sticks out in my mind when I think about property maintenance in commercial real estate – particularly in retail: “Everybody wants to build and nobody wants to do maintenance.” Forward-thinking retail property managers and teams know this, and do everything they can to ensure that […]
Allow me to wax poetic. In the heart of Medford, Massachusetts, sits what is scientifically proven to be the world’s greatest burger joint. “Science,” obviously, is defined as the establishment that’s consumed the most of my dollars, and “I” being the most of its menu. On a recent visit I was stunned when, upon being […]
Property management platforms provide you with a simple way to virtually mange your vendors on both the web and mobile devices, allowing you to interact with a vendor company, or specific vendor employee instantaneously.
It’s clearly an imperative today for many property management teams to adapt their approach and processes to meet the demands and expectations of modern tenants and owners and the information age.
Most Property Management teams view their property management platform as their single source into what is happening at any given time within their portfolio. Every work order, preventative maintenance task, inspection, and incident passes through the system, yet for some reason vendors are rarely incorporated into it.
The undead have overtaken cities in frenzied masses. Does your property management team have what it takes to stay alive?
Skilled workers are proving difficult for construction companies to find, which could have a number of significant effects on the commercial building management sector.
Another type of relationship is with your vendors. Making sure your vendor is top of the line is the first step in your blossoming relationship that cannot be overlooked. In these rapports, mystery loses its allure. According to a Buildings magazine article, Vet Your Vendors: Screening Steps to Ensure Your Vendor Is Top Notch, “more than 80 percent of companies conduct formal background checks on their full-time employees, but less than 20 percent do any type of screening of their vendors, supplies, and contractors.”
Everyone loves a good meme! Meme Noun: An element of a culture or behavior that may be passed from one individual to another by non-genetic means, esp. imitation. An image, video, etc. that is passed electronically from one Internet user to another. Since the rise of the meme’s popularity, it seems like all of the […]
I have been thinking recently about the key factors that contribute to a successful business partnership. Instead of a success story, the first thing that came to mind was the relationship between building management and its vendors. All too often, this relationship – which should be a mutually beneficial partnership – is one-sided, with one […]
Synergy is a term used to describe a situation in which different entities cooperate advantageously – resulting in an improved final outcome. Simply put, it means that the whole is greater than the sum of the individual parts. Opportunities to achieve synergy are presented every day and in all walks of life. People and businesses […]