Colliers Reduces Site Level Workload and Risk with VendorPM

The Hidden Costs of Manual Management

Colliers Chicago’s site teams were spending valuable time managing vendors manually—tracking credentials, chasing paperwork, and navigating inconsistent procurement workflows across hundreds of properties. These inefficiencies not only slowed down operations but also introduced compliance risk and inconsistent vendor performance.

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The Solution

Colliers partnered with VendorPM to streamline and standardize their vendor lifecycle across procurement, onboarding, and compliance.

By implementing VendorPM’s end-to-end Vendor Life Cycle Management platform, Colliers:

• Reduced administrative burden on site staff
  
• Enforced a consistent vendor credentialing process
  
• Improved procurement transparency and outcomes
  
• Ensured faster, risk-mitigated project delivery
  
  

Measurable Results

‍Procurement Efficiency and Savings Achieved

Colliers’ property management team in Chicago has achieved significant cost efficiencies by sourcing bids through VendorPM. The platform enabled a more transparent and competitive bidding process, leading to higher-quality vendor selection at stronger price points. On average, projects awarded through VendorPM came in 17.7% under budget, demonstrating measurable savings and improved procurement outcomes.

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Vendor Onboarding + Credentialing

Colliers Chicago significantly improved vendor readiness by using VendorPM to streamline their custom compliance process. As a result, 86.2% of vendors completed Colliers’ specific requirements and became pre-approved to work with the team.

At the time of project award, that number rose even higher—96.3% of awarded vendors were fully compliant, ensuring faster project starts and reduced administrative risk.

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Time Savings & Risk Reduction

Colliers’ team gained back hours previously spent on admin tasks, enabling them to focus on high-impact work. VendorPM enabled a scalable, repeatable process across all 47 users and 300+ buildings.

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Why VendorPM?

Colliers Chicago is one of hundreds of property management teams using VendorPM to drive procurement performance and simplify vendor management. The platform connects teams with 70,000+ qualified vendors while ensuring complete oversight of compliance and contracting—all from one centralized system.

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Join the Future of Vendor Management

Thousands of property managers trust VendorPM to modernize procurement and credentialing across their portfolios. You can too.

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