Vendor management is a process that involves reducing costs and improving the performance of vendors on the project. Our vendor management team works closely with our quantity surveyors. To complete the project within budget, we often have to interview multiple vendors to identify who can provide the best materials at the most favourable cost.
Sometimes, we have to switch vendors, and vendor management is responsible for facilitating a smooth transition. Without expert handling, the transition from one vendor to another can result in a huge loss of time and money.