Property Mangers And Townhome, Condo Owners - How To Get The Most Out Of Your Vendors Part I

There are 4 critical steps to consider before youresults from the past and made a decision
request bids from vendors.regarding best of breed vs general vendor. You're
1. Set your Internal Goalsready to get contracts and proposalsb. The
2. Decide on "Best of Breed" vendors vs abiggest mistake I see property managers make is
generic vendornot having a set of specifications of their own. If
3. Review Proposals and Contractsyou ask 3 vendors to bid, you'll be looking at 3
4. Work WITH your vendorsets of major pricing, plus exclusions of service
5. Maintaining a positive relationship for ultimateand prices for extra services. One vendor might
resultsprune trees to 6' and another to 12' How will you
1. Set your Internal Goalsknow these apples/oranges bids are going to
The first step is to learn what homeownermeet your CIC's needs? In addition, having
expectations are because expectations of adifferent vendors on your properties with
vendor/CIC relationship will be the hardest todifferent specs, how will you know the work is
change. Education is key. You can do this bygetting done? You probably aren't going to
reviewing the history of past vendor results. If it'sremember the pruning specs for site A and site
a lawn maintenance contract you're looking at,B.c. The solution? Set up your own specifications.
there'll be email, phone messages and snail mailCAI vendors would probably be happy to help
correspondence between homeowners, theyou setup new specifications. We've all got
property manager and the vendor. You can alsostandard boiler plate contracts that we use. Ask
review newsletters and minutes. Any "hot spots"the vendor questions about each section, so you
in your association will be revealed here. Theunderstand it. Remember that you're looking for
other method of setting your internal goals is tothe vendor to help with the specifications. She
ASK vendors what are the new trends withmight have payment or cancellation terms that
products and services.are not in your best interest, so check with your
2. Decide on Best of breed vendors vs a generalattorney.d. Last step is optional add-ons. Include a
vendorblank sheet in your specs with the title of
If we study two landscape maintenance vendors,"Extra services Suggested but not included in
Best of Breed vs general vendors, we can clearlycontract" with 4 columns: Name of Service,
understand the differences between the two.Explain Why it's needed, Price and Month/Year the
1. A general landscape vendor will have to beservice or product should be delivered. This can
good in 5 or 6 fields. They will have to be able tobe good information to work into future budgets.
handle lawns, snow removal, irrigation work,2. Work WITH the contractora. The honeymoon
landscape installation and tree and shrub care. Theis over. The giddy excitement has subsided. Your
advantage to using this contractor is there's onerelationship is comfortable, but growing routine.
contact to handle all aspects. You also save timeNow, you and your service provider are left to
evaluating bids, because you'll only have 3 bids tofigure out how to keep the flame burning.b. A
cover all the areas listed above. If you hire thissoured relationship with any of the assorted
single vendor, you're putting your reputation onlandscapers, accountants, community managers,
the line if they fail on 2 or more items. Even thebankers, roofers, insurance specialists and others
best landscape companies are going to bewho serve your community could spell more than
stronger in snow than landscape or tree care vs.heartbreak. So these bonds need to be nurtured
irrigation.and taken seriously. Take your contractors for
2. A Best of Breed vendor (let's use irrigation).granted and pretty soon they'll be taking you for
While irrigation work is considered landscape work,granted.i. Make your expectations clear. The first
it's highly specialized work. It involves electricalimpression a vendor has of you is the RFP. If it's
circuits, plumbing, dealing with city ordinances, andgood, it tells us you're serious about getting first
keeping up on amazing new technologies. Here arerate results. If it's poor, it says this really isn't that
the characteristics of a best of breed irrigationimportant.ii. Monitor but don't micro-manage.
contractor:a. You'll get the best serviceb. You'll getHomeowners always want to tell a contractor
expertise, which is imperative for complexhow to do the job, but don't have experience.
problemsc. You'll probably be paying higher upfrontInstead, homeowners should focus on the quality
prices, but might save money long termd. Hiringof WHAT gets doneiii. Establish clear lines of
best of breed means more upfront work for thecommunication. Many times, contractors work
board and property manager, sifting through bidsindependently and without direct supervision, so
and specifications, checking references, etc...make a little extra effort communicating will
1. Contracts and Proposalsa. OK, you'veproduce excellent results and create a long term
determined your internal goals, you've researchedtrusting relationship.
past successes and failures, measured vendor