THE QUESTION ALWAYS IS: WHAT IS THE COST? But is it the RIGHT question ????…………………….the answer is NO – Article by Carl Brown, RCI, RRO
Regrettably most HOA boards seem fixated on the bidder’s price as the most important item for selection of a service provider. While soliciting competitive bids for major services is commendable, the process is often poorly organized, resulting is less than complete satisfaction for one or both parties to a contract. Too often the process starts … Continue reading
Contract Termination Clauses – How Important Are They? – Article by Beth Grimm, P.L.C.
I am reminded today of the laxity with which many Associations treat contracts. I was reviewing one Association’s communication to owners about a half million dollar assessment for rehabilitation work (about $10,000 per unit) and came across the statement “We were able to get a favorable contract with a no-penalty termination clause.” The reason I … Continue reading