Question: Our existing embedded network agreement is expiring. Should we go to tender?
An existing embedded network agreement is coming up to the expiry date. Is it better to roll over the existing contract (and operator), or can we get a better result by going to tender? What are the potential issues?
Answer: Going to tender is all upside for the owners corporation and occupants.
In our experience, undertaking a competitive tender process generates the best financial and service outcomes for the owners corporation and occupants.
There are no real issues with going to tender. Churning from one embedded network operator to another is a straightforward process. Even if the owners corporation have a ‘buyout liability’, a new embedded network operator will fund it. It’s all upside for the owners corporation and occupants.
Joseph Arena
Embedded Network Arena
E: joseph@embeddednetworkarena.com.au
P: 1300 987 147
Can owners oppose the signing of draft agreements that were provided with off the plan contracts until alternate quotes are provided to them?