On a warm Thursday in mid-September, GetQuorum hosted another successful Breakfast & Learn event on Procurement Best Practices at the Ryerson University campus. We were joined by Murray Johnson, VP of Client Operations at Crossbridge Condominium Services for an intimate look into the beginnings of the condominium industry in Ontario, the present day challenges & realities facing Property Managers and Best Practices the industry needs to move towards.
Starting with the first Condominium Act of 1970, Murray provides his insight into how each of the subsequent Amendments in 1978, 1998 and 2015 have impacted procurement. Murray describes the interaction and relationship between Boards and Property Managers as being "rooted in procurement" with upwards of 80% of interactions resulting in an expense. Accordingly, procurement is broadly defined by Murray as, "not just how you spend money but how you prepare to spend it and how you record it". Murray goes on to argue for the corporatization of procurement in the condo industry.
"The environment is changing, it is all good until it isn't... you want to be able to defend an action."
"The environment is changing, it is all good until it isn't... you want to be able to defend an action", Murray says as he outlines his case for increasing the policies surrounding how decisions are made and subsequently documented. Murray's forward looking perspective will surely give you some food for thought.
We look forward to hosting our next Breakfast & Learn event in 2020. Please keep an eye on our newsletter for the invite! If you have any suggestions on how we can improve our events, please send your comments.
Lastly, thank you to our partners for helping us put on another successful event:
- Murray Johnson: https://www.linkedin.com/in/murray-johnson-1360511b/
- Zeli Media: https://zelimedia.ca/motion
- Crossbridge CS: https://www.crossbridgecondominiums.com/