Assertion certainty 3/5 debate potential 1/5

VendorPM processed 500 to 600 RFPs in February 2022

Emil Brill · 5000 Building Owners Manage Jobs Using This Vendor Management Tool · Apr 15, 2022 · at 13:53

Emil Brill, founder of VendorPM, shares monthly request-for-proposal volume on the commercial property management marketplace.

0:00 / 0:03exact quote · 3.6s
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“Oh yeah. Probably between five and 600.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

More from Emil Brill

Assertion Supported
Brill: North American commercial building services spending exceeds $400 billion annually
“How much are they spending on literally every other building service? Okay, and that number annually in North America is over four hundred billion dollars.”
Emil Brill Apr 15, 2022 ▶ 3:56 5000 Building Owners Manage Jobs Using This Vendor Management Tool
Assertion Not checkable as stated
VendorPM charges property managers $6k-$10k annually and vendors $3k-$6k
“ACV on the property management side. Some of the names that you mentioned is relatively nominal, right? It could be anywhere between six to 10,000 dollars a year where we do monetize is predominantly on the supply side and that's on the vendors. And so ACV on …”
Emil Brill Apr 15, 2022 ▶ 8:06 5000 Building Owners Manage Jobs Using This Vendor Management Tool
Assertion Not checkable as stated
VendorPM reached 5,000 buildings and 35,000 vendors in Canada
“In the past two years, just a couple of quick, I guess, headline points on both sides of that marketplace is that we've gone from virtually zero on both to 5000 buildings on the property management side, on the demand side, and 35,000 vendors on the supply sid…”
Emil Brill Apr 15, 2022 ▶ 8:36 5000 Building Owners Manage Jobs Using This Vendor Management Tool
Assertion Not checkable as stated
VendorPM's 5,000 buildings are managed by roughly 2,000 property managers
“Roughly 2000.”
Emil Brill Apr 15, 2022 ▶ 11:30 5000 Building Owners Manage Jobs Using This Vendor Management Tool
Assertion Not checkable as stated
VendorPM's three-bid fulfillment rate jumped from 15% to over 90%
“So today in major metropolitan cities, it's over 90% in some more, we'll call it secondary tertiary markets. It's about 75%. And I'll give you just some context here. Only six months ago, that number was at one, five, 15%.”
Emil Brill Apr 15, 2022 ▶ 12:48 5000 Building Owners Manage Jobs Using This Vendor Management Tool
Disclosure
VendorPM plans to offer invoice factoring and cash flow lending
“There, 100% will be.”
Emil Brill Apr 15, 2022 ▶ 20:03 5000 Building Owners Manage Jobs Using This Vendor Management Tool
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