The CIO Review: How Raiven Can Help Building Owners Cut Costs

The average building owner spends $1.45 per square foot annually on parts, materials, and equipment for maintenance, repair, and operations (MRO). At Raiven, we’ve worked with a lot of owners, and we know that due to limited resources, most have trouble lowering that cost. Let’s face it: it takes a significant amount of time to negotiate strategic contracts, not to mention educate your own employees as to why they should abide by those agreements.

So, what’s a building owner to do? CIO Review interviewed Raiven VP Jeff Golden to get his take on the ways our cloud-based procurement platform, MRO Marketplace, can help owners increase efficiency and lower costs.

 Here are some of the highlights from the interview:

• Raiven’s platform gives owners visibility into the availability and performance of qualified contractors 

• It makes it easier to select the best contractor for each job because our platform is perpetually rating contractors and suppliers with a QCI score, which is based on factors like past performance, responsiveness, service quality, and compliance.

• Raiven also provides deep discounts on MRO parts and materials by aggregating the combined MRO spend of building owners, contractors, and property managers.

• Building owners can extend discounts to their contractors. Extending this discount means that contractors can take advantage of supplier discounts, bringing down owner expenses.

To illustrate, Raiven was recently awarded a contract to establish an Energy Efficiency Marketplace in California. This means that building and home owners throughout the state can go to a single website to find a contractor and to receive discounts on purchases for energy-efficiency and water-saving products. 

There is not cost to participate in our platform. Curious to see how we can help you bring down your costs? Check out the full article here. 

Check out our blog to learn more about key procurement topics. If you have questions or are interested in learning more about how we can help, please send us an email or give us a call. We’d love to hear from you!