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· 17.7% Savings
Via Competitive Bidding
· 96.3% Compliance
At Time of Project Award
· 300+ Buildings
Reducing Site Workload & Risk
Company: Colliers Chicago
Location: Chicago, Illinois, USA
Users: 47
Buildings: 300
Asset Class: Office/Commercial/Industrial
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.
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.
"VendorPM has given my team back valuable hours while reducing risk by ensuring we only work with the best vendors for the job. It has changed the game and we never looked back."
Lloyd Berry
Managing Director, Colliers Chicago