When considering technical managers in commercial real estate one of the most laborious and often frustrating aspects of the role is trying to make various quotes comparable in the pre-instruction phase of a maintenance or CapEx project.
Every commercial asset has a collection of legally required documents, records and certificates associated with the buildings’ technical installations. These certifications range from fire safety to sustainability related and include things such as lifts and roof standards etc.
As the labour market is becoming increasingly competitive, companies are making increasingly bold offers – as such, employee loyalty is unlikely to improve over the coming years.
There is nothing more frustrating for technical managers working in commercial real estate than constantly being chased for updates. Property managers, facilities managers and surveyors alike, spend their days trying to keep on top of their ever-increasing workload while politely adhering to the requests for updates from clients and questions from contractors.
Asset managing commercial real estate is a tough job – you need to make many critical decisions on a daily basis. Making the wrong decision could cost your fund dearly. This means asset managers need to be vigilant at all times, catching problems early and solving them immediately.
Nowadays, it is possible to instruct your preferred suppliers with a much more precise scope of works than before. Proprli achieves significant project cost savings through automation, digitisation and increased transparency. This article explains how we accomplish this, and what lies ahead on our product roadmap.
In the Commercial Real Estate industry of today, the role of the property manager is becoming increasingly more critical in ensuring that landlords make their desired returns. What is driving this? Technology.
Minimising maintenance costs is central to high property returns. The tendering process sets the stage: by obtaining the lowest suitable property maintenance quote, and by ensuring that there are no unexpected surprises down the line.
Competitivity… It’s the driving force of the CRE industry. In today’s market, property investors are constantly on the lookout for the next game-changing tool which will enable them to significantly increase returns and consistently outperform their competitors.
The use of bid forms minimises budget overruns and systematically reduces project pricing, by leveraging the invaluable information locked within each of these past bids, which is collected and stored on the database.