What do the healthcare and the multifamily housing industries have in common? While this might sound like the beginning of a not-so-hilarious riddle, it’s a serious question that could result in significant savings for building owners.  

Believe it or not, multifamily housing shares many...

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While the US currently has a booming economy and the unfortunate memories of the 2008 recession are in the rearview mirror, there’s been a lot of debate about whether we’re in a late cycle (aka pre-recession) economy.   

It does seem increasingly likely that a downturn looms in the...

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Guest blog by: Scott Hollis, former Sr Vice President for Strategic Contracting, Marriott

If you’ve shopped for groceries at big warehouse stores, like Sam’s Club or Costco, you have witnessed firsthand the power of collective purchasing and volume discounts.   

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Many building owners believe the value of an optimized procurement program is reducing costs—and while that’s very true, it’s only part of a bigger picture. Realized savings on every purchase can actually help you increase the value of your property.   

That’s why we wanted to share five ways...

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Business owners often have to walk a tightrope. On the one hand, they need to constantly try and find ways to cut back on spending to achieve their organization's profitable goals, but they also have to do it in a way that doesn’t affect services levels and performance. While quite a few methods...

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How can your business reduce costs associated with building maintenance?

One of the most important factors in skillful contract negotiation is obtaining the biggest discounts possible. If you’re a building owner, this not only reduces your expenses, it also increases your building’s market...

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You may have heard about the new increased trade tariffs being imposed on Chinese goods, but if you’re like most people, you’ve been waiting to see what materializes before paying attention to all the details.

While things are still in flux, this week will be pivotal in determining whether the...

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Do you want to realize a  10-25% savings on your building maintenance spend?  

No problem—you just need to verify your employees or service providers performing your MRO (maintenance, repair, and operations) are in compliance with your procurement goals and objectives 

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On the surface, you might not see much of a parallel between procurement for the grocery industry and procurement for building maintenance. However, if you look a little deeper, you’ll soon see that both are industries that must respond to challenges quickly while operating with razor-thin... Read More

Managing tail spend is one of the only guaranteed ways property managers, building owners and contractors can reduce costs associated with building maintenance. But what is tail spend and how do you manage it?

What is tail spend?

Tail spend is typically defined as all spend that is not...

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