Vendors are a critical part of your business, read the article to learn what you need to have in mind before signing a contract with your vendors.
We review hundreds of vendor agreements every quarter. Talk to us today and we can implement a systematic policy that reflects your needs to improve your relationship with vendors.
Common vendors include your material supplier, equipment providers, transportation companies, packaging factories, or third party logistics (3PL) or drop ship partners.
We listen to your business needs, what you want to deliver, what your customers expect, and your top concerns for reviewing and approving contracts. All vendor agreements have room for negotiation, but it is imperative to determine a policy of acceptable and unacceptable terms.
A common issue is invoice payment terms. Many vendors want to be paid as quickly as possible requiring payment within 15 days of receipt vs. most businesses preferring a longer period to pay with a minimum of 30 days. Deciding when and how to implement consistent accounting policies will free up cash flow and improve relationships with your vendors.
Let us create the initial drafts and checklists for managing and negotiating vendor agreements. We establish common parameters based on your risk profile. Use the checklist on all future vendor contracts for a quick and efficient review process.
For more information, please contact us
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Ron has helped developers raise foreign investment funds through the EB5 program and represented foreign investors from China, Hong Kong, United Kingdom, and India.
Ron has conducted acquisitions of commercial real estate, new construction development, and all areas of asset management for shopping centers, retail strip malls, restaurants, office buildings, industrial and warehouse assets.
Ron has helped thousands of investors on BiggerPockets where he is a leading expert on real estate investing.
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