Ilir Mehmeti, Illinois Regional Director at FirstService Residential, was able to save one of his condominium associations more than $25,000 per year.
The Association
Ilir Mehmeti, Illinois Regional Director at FirstService Residential, was able to save one of his condominium associations more than $25,000 per year by successfully renegotiating and analyzing the building’s contracts, including those for:
- Snow removal
- Landscaping
- Elevator maintenance
- Property maintenance
- Utilities
- Internet service
The Solution
Ilir engaged in a thorough bidding and negotiation process to secure significant savings and lock in lower rates without sacrificing quality or service. For snow removal alone, Ilir performed a detailed analysis of past costs and bids. In the interest of obtaining a more competitive price, while not being detrimental to the overall service provided, Ilir decided to come up with a hybridized model of service that he then asked the bidders to bid on. As a result, he secured a price that was more than 50 percent lower than the prior year’s pricing.
Ensuring that his managed clients are provided the most competitive pricing, while receiving the highest level of service, from vendors that have been thoroughly vetted, is of utmost importance and what a FirstService Residential managed client deserves and has come to expect.