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Vendor Selection for HOAs: What Board Members Need to Know by Mike Stonestreet

As a board member of a community association, you have a lot of responsibilities. One of the most important is ensuring that the association gets the best services possible at a reasonable price. This includes selecting qualified, licensed, and insured vendors (also called service providers) to provide services to the community. However, it's crucial to remember that price isn't the only thing you should consider when selecting vendors. Board members must be sure that they look at all aspects of a vendor contract before signing on the dotted line. In this blog post, we will discuss what board members need to know when selecting vendors. Screening Vendors When it comes to maintaining a community association, one of the most important things is to make sure that all vendors are properly licensed, insured, and qualified. This is essential to protect the association from potential legal liabilities. Furthermore, using vendors that are properly licensed and insured helps to e

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