Obtaining multiple quotes can lead to significant cost savings

Owner’s corporation need to provide 3 quotes when making an informed decision about which provider to use, and energy is no different.

Why is this the case?

Comparative Analysis: Different energy providers may offer varying rates, terms, and service levels. By obtaining multiple quotes, you can compare these differences to choose the best option for your strata.

Cost Savings: Prices and plans can vary significantly between providers. Getting multiple quotes allows you to identify the most cost-effective option, potentially leading to significant savings for the strata

Transparency: Multiple quotes help ensure that the process is transparent and that you’re not being overcharged. It provides a clearer picture of the market rates and helps avoid any hidden costs.

Informed Decision-Making: With several quotes, the strata can make a more informed decision based on a broader understanding of what’s available and how different providers stack up against each other.

Negotiation Leverage: Having multiple quotes can give you leverage in negotiating better terms or discounts with the preferred provider, as they know you have other options.

Service Quality and Reliability: Beyond just pricing, the quality of service and reliability of the provider are crucial. Comparing quotes allows you to assess which provider offers better service, customer support, and reliability.

Compliance and Best Practices: In some regions or strata schemes, obtaining multiple quotes may be a requirement or best practice to ensure due diligence and proper management of strata finances.

Overall, getting three quotes helps ensure that the strata is making a well-rounded decision that balances cost, service quality, and long-term value.