At City Edge Property Management, we pride ourselves on delivering vendor management services that prioritize quality and foster lasting relationships. As a boutique property management firm, we understand that the key to a well-maintained and thriving property lies in the careful selection and management of reliable vendors. We believe in building strong, long-term partnerships with your vendors, which allows us to negotiate the best terms, maintain consistent service quality, and quickly address any issues that may arise.
Our Vendor Management Services Include:
Vendor Selection: Evaluate vendor proposals and bids based on quality, cost, and service capability. Review all vendor licensing and insurance requirements.
Vendor Contract Negotiation: Negotiate terms and conditions to ensure favorable and fair agreements. Work in close collaboration with legal counsel to finalize project contracts. Ensure all contractual obligations are met.
Vendor Performance Monitoring: Establish baseline criteria for vendor performance. Conduct periodic performance evaluations and feedback sessions with vendors. Track and monitor vendor progress throughout the duration of contract terms, whether it be an annual maintenance contract or large scale capital improvement project.
Vendor Insurance: Track and monitor vendor's general liability and workman's compensation insurance. Obtain renewal certificates on an annual basis and maintain records for annual insurance audits.
Operational Contract Review: At Board discretion, conduct annual contract evaluations to ensure effective, compliant, and beneficial agreements with any vendors. Our goal is to ensure that pricing remains competitive and aligns with current market rates while ensuring vendor performance continues to meet expectations.