Working With Suppliers Part 1
When it comes to managing a long-term business partnership between two separate entities, there can be challenges. Although it’s inevitable that these challenges will be present, they can be overcome by utilizing several valuable professional techniques. As automobile pioneer Henry Ford once said, “Coming together is a beginning; keeping together is progress; working together is success.” Although these words were said nearly a century ago, they still ring true today.
Creating a Trustworthy Partnership
As Tampa construction attorneys, we are devoted to the construction industry. We are proud to be a reliable partner for our industry professionals and are here to handle any of your construction litigation needs. Whether it’s providing you with an aggressive defense or fighting OSHA citations, our Tampa construction lawyers are here to offer support to contractors, suppliers, and other industry professionals. In this five-part article, we will focus on ways contractors can create a long-lasting relationship with a supplier. In the second and third section, we will discuss many of the specific factors that can help create this business partnership between a contractor and supplier. In the fourth and fifth section, we will offer more tips and conclude our series.
Building Long-Term Relationships
For construction industry professionals to prosper, they must build lasting relationships with their respected peers in the construction community. This includes the relationship between construction industry contractors and suppliers. Although there are a lot of cliches regarding teamwork and working together, these sayings are commonplace for a reason. When working with the right supplier, it’s important to find trustworthy professionals that have a track record of performing their tasks on-time and consistently. Over this series, we will cover many of the major components that can create a trustworthy relationship over time with a supplier.
Communication is Key
One of the main ingredients to building a reliable business partnership is communication. When a contractor and supplier are in close communication with each other this transparency between the two parties can help with meeting deadlines and also can prevent any serious conflicts from arising. For example, the contractor that keeps their supplier informed of their purchasing needs and makes timely requests for materials will be appreciated by the supplier. Similarly, if materials are set to experience massive increases in pricing or shortages are anticipated, the supplier that communicates this to the contractor will also be appreciated. At the end of the day, it’s in both parties best interest to work together and communicate openly in order to achieve their goals and maintain this lasting partnership. Proper communication can be a win-win situation for both the contractor and the supplier.
Disclaimer: The information contained in this article is for general educational information only. This information does not constitute legal advice, is not intended to constitute legal advice, nor should it be relied upon as legal advice for your specific factual pattern or situation.