How to Compare Elevator Service Bids When Every Proposal Looks Different: A Buyer’s Evaluation Guide
Quick Answer: To fairly compare elevator service bids with different scopes, standardize each proposal against a common checklist covering compliance requirements, parts coverage, labor terms, response protocols, and contract exit clauses — then evaluate total cost of ownership rather than headline price alone. Fairly comparing elevator service bids requires decomposing each proposal into its component […]
Elevator Due Diligence for Building Sales and Refinancing: What Lenders and Buyers Will Flag
Direct Answer: Before a commercial building sells or refinances, owners typically must address elevator code compliance with ASME A17.1/A17.3 Safety Code for Elevators and Escalators and ADA accessibility requirements, resolve any open inspection violations, complete any Authority Having Jurisdiction (AHJ) mandated upgrades, and provide current certificates of inspection — issues that vary by city, county, […]