Property management has seen a transition from mostly insourced work to outsourced work over the past generation. Key contractors like janitorial, parking and security often wear the management company uniform as an extension of the operations staff. Materials and parts suppliers as well as consultants make up the rest of your vendor base that are critical to your building operations.
GroundFloor integrates inspection reporting and COVID-19 related compliance data to ensure your vendors are operating at your highest standards and not exposing you to additional risk.
GroundFloor ensures your vendors are compliant with:
- Certificates of insurance (COI)
- Workers Compensation Board (WCB)
- Trade licences
- Training certificates
- and more
The current crop of vendor management companies charge your vendors significant annual fees. Vendors are often forced to join multiple systems for their various clients. As this is a relatively new cost to their business, vendors often look to bury these fees or charge them back to the property management companies they work with. Smaller vendors or companies that perform infrequent or one-off type work, cannot justify joining a system.
Our vendor compliance micro-app provides the ability to have 100% visibility without charging a fee to the vendors. Furthermore, the information and compliance status can be integrated into your purchasing and work order solutions, reducing risk throughout the procurement lifecycle.