The ‘Gold Standard’ for Vendor Sourcing & Procurement

The article discusses the "gold standard" for vendor sourcing and procurement in condominium management. It emphasizes the importance of carefully choosing vendors based on standard considerations such as recommendations, licensing, insurance, and experience. Additionally, the article suggests more nuanced aspects to consider, including environmental responsibility, adherence to sustainable development goals, social responsibility, diversity, inclusion policies, and overall company alignment. It highlights the significance of aligning vendors' initiatives with the condominium community's values to create a mutually beneficial partnership.