Is your tenant representative truly representing your interests
It really nags at me that there are firms out there who claim they’re representing your best interests when, in reality, they’re doing the opposite.
Many are simply project managers and construction companies in disguise—not truly tenant representatives.
Confused?
Here’s How This Works:
You’re looking for space, and you find a supposedly “good” tenant representative. They do a great job with the landlord, and all seems to be going well. Halfway through the negotiation, however, they tell you they can do a better job with the construction than what the landlord offers.
In other words, they want to bid out the construction—because that’s really where their money is made. They may tell you your project is big enough to require a project manager to oversee the process, and they just happen to have someone on staff that can assist you with that!
These firms usually charge more than independent firms to do that sort of work – but at this point, you’re already buds with your provider, so you’re likely to give him the business and not worry about the extra cash overlay.
At Compass Commercial, we know there are times when you need an outside bid for construction or a project manager. There’s a right time and place for everything! How we tend to handle these situations is to get quotes from two or three different firms, review them to make sure we’re comparing apples to apples, and then allow you to decide which firm to select.
Comparing several quotes is the only way to ensure you’re getting the best possible price on your space, as well as on the management of the construction and/or relocation.
After all, our goal is simple: to save your company as much money as possible.
