In today’s high risk business environment, establishing a contract without accurately assessing a supplier’s financial stability, licensing, insurance coverage and regulatory compliance can result in significant financial and public relations ramifications for both you and your client. Managing the overall compliance of large numbers of suppliers serving multiple locations is difficult, time consuming and expensive for facility management organizations to conduct internally.
Tracking insurance requirements for different types of suppliers serving various locations is cumbersome and complex. A lapse in your supplier’s insurance coverage can create an enormous risk for your company as well as your clients.
GRMS' Supplier Risk Assessment Program provides facility managers with a global solution for conducting the on-going compliance management of current and potential suppliers, contractors and service providers.
Learn how the GRMS Supplier Risk Assessment Program helps many of the nation’s top facility management companies mitigate these issues on a global basis.