NEW YORK CITY-FacilitiesWork and Workspeed are two late-breaking examples of new companies being backed by major New York real estate services firms. These companies reflect a growing trend in the marketplace to turn to technology to streamline various building management operations.
Cushman & Wakefield has invested with Zeborg to create FacilitiesWork. “FacilitiesWork reduces the amount of each check written to vendors,” Robert Vokes, head of strategic alliances for Zeborg, tells GlobeSt.com. “We act as buying agents, working very closely with the buyer, going out on behalf of the company to renegotiate vendor contracts for services.
“We're able to expand the supplier base tremendously because we work on the Web,” he continues. “More vendors get to bid. We create a rational pricing base, spending a lot of time working with vendors about their pricing. We create a level playing field.”
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