Onboard vendors and automate contractor compliance
In property management and construction, prioritizing vendor and subcontractor license compliance is key to maintaining high standards of quality and reliability in projects. This rigorous verification process, while labor-intensive, is essential for eliminating compliance risks and maintaining standards. It plays a crucial role in building trust among buyers and ensuring the overall success of the business.
Licensing and accreditation
Confirm that sellers have valid constructions licenses, certifications and any required accreditations.
Financial stability
Assess the financial health of sellers to ensure they are capable of managing and completing projects.
Legal and Ethical Compliance:
Check for any past legal disputes and adherence to ethical business practices.
Insurance and Bonding
Ensure that sellers have appropriate insurance and bonding for risk management.
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