#7 CONSIDER MORE THAN JUST PRICE.
While it may be tempting to select a potential vendor based on the lowest bid, it could end up costing
you in the long run. Licenses, permits, insurance, and other fees for doing business aren't cheap. If your
vendor is quoting you a price that sounds too good to be true, it might be. Take into account all of the
factors mentioned so far, such as their work history, customer service, and more. Confirm the company
can handle the workload and that expectations are mutually understood.
#8 REVIEW YOUR CONTRACTS.
Typically, the final step in the process will be signing a written contract or agreement with the vendor.
Protect the interests of your HOA by reading through the contract carefully before signing. If needed,
have your board, community manager, and lawyer review before inking the deal to ensure there aren't
any surprises along the way.
