Paragon Real Estate Technologies
Streamlined procurement for building maintenance Buildings always need repairs. Paragon makes it faster and cheaper to find contractors, compare bids, and manage work through completion. Building managers complain that current approaches for procuring contractors take too much time, produce too few bids, and lead to inflated prices. With 50% of managers? time and 30% of building revenues spent on maintenance, managers and property owners are desperate to improve efficiency. Paragon allows managers to post maintenance projects online. Contractors bid using Paragon?s standardized forms, producing bids that are easy for managers to compare. After choosing a contractor, both sides can manage projects through completion. Paragon recently completed a three-month beta-test at 38 buildings in New York City, in which it generated twice as many bids in half the normal time and drove down prices by 40%.