Are you taking advantage of these economic times?
With everyone concentrated on the current economic state, many property
owners are realizing that now is the time to make improvements.
Owners, even those with full buildings, are concerned about the
future and how their building will compete with other buildings.
One way to stay on top of your competition is to maintain and
upgrade your product where possible and practical.
Now is the time to make property improvements. The slowdown of new
construction and tight budgets allows room on many contractors’ schedules.
This can mean reduced costs and better service.
In talking with many local contractors, I noticed they are
accepting more projects through requests for proposals (RFP).
An RFP can be a great written method for an owner to ensure the he
or she is getting the best price.
While an RFP can give you a great price, it can also cause a lot of
headaches for owners, managers, and contractors if not done properly.
There are a few things you should know before sending out an RFP.
There is a lot of planning that occurs before drafting an RFP. First
determine the details of the improvements to be requested. After
determining a general scope of work, contact a few trusted contractors to
go over the scope to see what questions, changes or additions they may
suggest. These suggestions will be important in refining the
requested improvements regarding the type of material or finishes
incorporated. It is important with creating the scope that it be as
specific as possible to eliminate variations in the proposals, which will
compromise the RFP.
The
next step is to determine the best contractor fit.
There are a few things to consider when selecting contractors for
the RFP. First is qualifying
the contractor. Can they do
this type of work? Will they
complete it or will they subcontract the work?
Have you worked with the contractor before?
Have you seen samples of their work?
Do they have references that you can contact?
Is the contractor properly insured?
All these questions should be considered.
These steps should result with a list of qualified contractors.
Do not include a contractor in an RFP that you have no intentions
of hiring.
Now it is time to draft the RFP.
Provide background on the company, building or project that will
familiarize any contractors with your business.
Include contact information for any questions and include any
contacts for the project.
Provide scope of work highlighting any areas of importance.
Provide timeframe for completion of work, stating any special work
hours. If payment terms are a
consideration in the decision making process, be clear on what will or
will not be accepted. Provide
the basis to award the RFP, i.e. lowest bid.
Provide due date for RFP and how the proposal will be accepted.
And last but not least, provide a date the RFP will be awarded.
By following these few guidelines, the process should be headache free for
all involved and will help enhance your working relationships. Good luck
with your project!
Remember these tips...
- Be upfront about RFP intents when contacting
contractors during planning stage
-
Do not use an RFP to create budgets or planning
- Do not discuss any budget matters not included
in the RFP
- Award on the conditions provided in the RFP
- Award the RFP on the date stated
- Contact all contactors that respond and
provide feedback on their proposal
71
George Street -
Hanover
This free
standing medical office building contains four exam rooms, two offices,
clerical area, reception and waiting area, built-in file storage and two
restrooms. The property is
located in Hanover Borough.
- 2,144 SF medical office for sale
- Off street parking
- One block from Hanover Hospital
Ask Cami for More Details!
ROCK Commercial Real Estate would like to welcome the
Alliance Hematology &
Oncology to Hillside Medical Center at 250 Fame Avenue in
Hanover, PA. Alliance will provide services for medical oncology,
hematology and outpatient treatment. This new office will welcome
Drs. Flavio Kuter, Yousuf Gaffar, Robert Rice, and Mohit Narang.
According to their website, Alliance Hematology &
Oncology offers comprehensive care for patients and their families and is
committed to using the latest, most effective treatments to help each
patient. The alliance collaborates with the Hanover Hospital to
provide the finest care possible.
To learn more about Alliance Hematology & Oncology
visit their website by
clicking
here.
Quick Links
ROCK Property Management Team
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Barry Wildasin |
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Director of Finances |
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Cami Spiridonoff, CPM |
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Property Manager |
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Click here to meet all ROCK
team members
