Skip to the content

Strategic Questions for Choosing the Right Supplier

Facilities management services have been becoming more popular among building owners. Providers offer direct management of a range of facility functions, from janitorial services to landscaping, building maintenance and energy management. As the
economy has been growing during the past three years, business investment has risen, thus encouraging demand for these services.

The market is estimated to have nearly 2,000 service providers spread throughout the country, with no one supplier controlling a majority of the market share. With no front-runner setting a market standard, buyers may experience difficulty choosing a high quality provider. Despite the large supplier pool, selecting one is an important process. Suppliers are placed in charge of a wide range of critical services that ensure the building is, and remains, operating efficiently and effectively. Properly vetting service providers prior to signing a contract will help guarantee necessary services are carried out in a timely manner. During the negotiation phase of selecting a service provider, there are a number of key questions buyers should be asking in order to determine the supplier’s quality and gain insight into how they will perform.

Facilities Mgmt Serv_Market Char

FMS_Questions1

Sign up to our newsletter

Related Articles

Construction Sector and Economic Decline

During a recession, when consumers stray from homebuying in favor of rentals, building activity slows and the construction sector eventually takes a hit. How can procurement in the construction sector prepare?

Trade disputes are here to stay

More than a year into Trump’s trade war, many businesses remain unprepared for the change in US policy. Procurement professionals need to start factoring in trade war headwinds to their operations. ProcurementIQ has identified several actionable takeaways that supply chain managers should consider.

Tariff Decision Tree - ProcurementIQ

With all of the tariffs being levied, it can be hard for purchasing professionals to be proactive and mitigate risk in a time of volatility. This decision tree from ProcurementIQ can help you know what questions to ask of your vendors.