As a commercial property professional who oversees building maintenance and renovation projects, it’s tempting to rely solely on your current preferred vendors. However, have you ever thought about giving new contractors an opportunity to work on your building projects? Believe it or not, expanding your pool of contractors has many advantages as we’ll explore why you may want to consider giving new contractors a chance.
Make your vendor network resilient:
When you rely solely on your current vendor lists, this may create a sense of dependency that may cause some challenges for your team. A major issue arises and your go to vendor is busy, you may be left scrambling for a contractor whom you haven’t used before. By engaging new contractors early and giving them an opportunity to work on projects for you, you can help mitigate this risk as well as solidify your backup resources.
Competitive Pricing and Cost Savings:
When you invite new contractors to bid and complete work on your property, this also helps you keep up to date with current market rates for various building projects. Sometimes when you continue to go with the same vendors, they may not be securing the most up to date pricing. These reasons may vary, but it’s important that all your bidders are seeking the best pricing for your job.
Innovation and New Ideas:
New contractors can also bring fresh perspectives and innovative ideas to your team. They can be eager to highlight their skills and differentiate themselves from the competition. By giving them a chance, you open the door to not only new ideas, but you can also build up your contractor network ensuring its resiliency.
Fresh Energy and Enthusiasm:
New contractors are driven to establish themselves in the industry and build a strong reputation. They are likely to go the extra mile, paying close attention to detail and earning your trust. They will want to show their commitment to delivering quality service and having a positive impact on your building management team and tenants.
While your current vendor staff may provide reliable service, giving new contractors a chance can bring significant advantages to your building management. Embracing fresh perspectives and innovative ideas, this can lead to improved building operations, cost savings, and enhanced tenant satisfaction. Be open to hiring potential new contractors, and you may be pleasantly surprised by the positive impact they bring to your community.