#Condominium Property Management Calgary
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parterreproperty · 4 days ago
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Importance of Preventative Maintenance in Condominium Management Calgary
When property investors plan to invest in a condominium, the longevity of components on their property is incredibly important to them. They seek to attain the maximum useful life of condominiums as it can have a significant impact on capital planning. Maintenance is the key to longevity of condominium property management. There are two types of maintenance, preventative maintenance and reactive maintenance. While it is easy to avoid preventative maintenance and fall prey to reactive maintenance, one has to be prepared for unexpected issues can end up costing much more than that of the necessary preventative maintenance activities. In fact, reactive maintenance can be exorbitant and thus it is prudent to use a preventative approach.
Preventative maintenance provides a positive impact on communities living in condominiums. However proper, Condominium Management Calgary is important as it allows for savings on unnecessary repairs, satisfactory living conditions and peace of mind. Preventative maintenance focuses on taking a proactive approach to repairing and replacing components in the condominiums. With preventative approach there is the responsibility of the community components that are routinely maintained. Taking this approach lessens the chances of components of condominiums breaking or failing. Moreover, it also enables one to tackle the issues before they become more serious.
In addition to overseeing the operational and physical well-being of condo communities, condominium property management must handle a number of vital duties. Condo management entails maintaining amenities, enforcing standards, meeting regulations, coordinating board activities, helping owners maximize their investments and more. They have broad and complex list of responsibilities. Yet one of their most time-consuming and difficult responsibilities is managing the preventative maintenance that keeps their properties safe, functional, and aesthetically pleasing.
Preventative maintenance for condo communities is favorable way for condominium management Calgary. Since implementing preventative maintenance allows property managers to allocate funds more efficiently by anticipating and planning for regular upkeep it helps to create accurate budgets, save money, and prevent unexpected financial burdens on condo communities.
As a condominium owner in Calgary, Alberta, it’s important to find the right partner to help you manage your property. Parterre Property Services Inc. is a reliable and efficient condominium management company providing you with peace of mind and allowing you to enjoy the benefits of condominium living without the hassle. 
Parterre Property Services Inc has been providing high-quality condominium management services in Calgary and Edmonton for over 15 years. Their staff of seasoned condominium managers is committed to making sure the properties they oversee are kept up properly and function properly. They handle all aspects of condominium management, from collecting monthly fees and handling maintenance requests to overseeing repairs and communicating with owners.
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yycrealestate · 9 months ago
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CALGARY TOWNHOMES FOR SALE
CALGARY TOWNHOMES FOR SALE
Opting for a Calgary townhome presents an excellent property choice, seamlessly blending the perks of a condo with the convenience of a detached home. Numerous townhouses in Calgary boast two or more bedrooms and are strategically situated near playgrounds, parks, and schools, making them an ideal choice for families seeking a starter home. Explore the diverse range of available townhomes in Calgary below.For couples seeking a premier initial investment or a contemporary alternative to a single-family home, Calgary townhouses offer enticing features such as private entrances and, in some instances, attached parking. Many of these projects are strategically positioned near the city's finest shopping outlets, restaurants, and entertainment venues, adding to the appeal of Calgary townhomes. Investing in a townhome in Calgary comes with several advantages: - Affordability: Townhomes often offer a more budget-friendly option compared to single-family homes, making them an attractive choice for first-time buyers or investors. - Low Maintenance: Townhomes typically have lower maintenance requirements than detached homes. Exterior maintenance and landscaping may be managed by the homeowners' association, freeing up time for residents. - Amenities and Community: Many townhome complexes come with shared amenities such as parks, playgrounds, and sometimes fitness facilities or community centers. This fosters a sense of community among residents. - Convenient Locations: Townhomes in Calgary are strategically located, offering easy access to urban amenities, public transportation, schools, and recreational areas. This can enhance the overall quality of life for residents. - Space and Flexibility: Townhomes often provide more space than condominiums, with multiple bedrooms and sometimes even private outdoor areas. This extra space can accommodate growing families or those in need of a home office. - Security: Townhome communities often have a sense of security due to shared walls and close-knit neighbors, providing peace of mind for residents. - Investment Potential: Calgary's real estate market has shown stability and growth over the years. Investing in a townhome can offer potential appreciation in property value, making it a sound investment. - Ownership Benefits: Townhomes usually involve owning both the unit and the land it sits on, providing homeowners with a sense of ownership and control over their property. - Modern Features: Many new townhome developments in Calgary come with modern features and designs, catering to contemporary lifestyles and preferences. - Resale Value: Well-maintained townhomes in desirable locations tend to have good resale value, making them a potentially lucrative investment in the long run. Explore Calgary's Diverse Townhomes Market Calgary's townhome market is a dynamic and multifaceted arena, offering a broad spectrum of housing options to cater to the diverse needs of residents. Townhomes in Calgary are renowned for their architectural diversity, featuring a mix of modern designs and more traditional styles. Whether nestled in the heart of the city, providing convenient access to urban amenities, or situated in family-friendly neighborhoods with proximity to parks and schools, these townhomes showcase the versatility of Calgary's real estate. With various sizes and layouts available, from cozy one-bedroom units to spacious three-bedroom homes, Calgary's townhomes accommodate individuals, couples, and families, creating a living experience tailored to different lifestyles.Exploring the townhouse market in Calgary unveils a range of enticing features and benefits. Many townhome developments boast shared amenities like green spaces, playgrounds, fitness centers, and communal rooms, enhancing the overall living experience for residents. The affordability of townhomes, coupled with their lower maintenance requirements and potential for resale value, makes them an attractive option for first-time buyers and investors alike. Whether seeking a modern dwelling in the bustling urban core or a more tranquil residence in the suburbs, Calgary's diverse townhouse market provides ample choices for those looking to find a home that perfectly aligns with their preferences and lifestyle. Read the full article
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katrinashomes · 11 months ago
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Downsizing with a Calgary Realtor and Empowering First-Time Buyers
In the heart of Alberta's bustling metropolis, Calgary, a real estate landscape unfolds catering to a diverse array of needs. For those considering downsizing or taking their first steps into homeownership, a knowledgeable Calgary Realtor becomes an invaluable guide, ensuring a smooth transition and empowering individuals to embark on new chapters in their lives.
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Downsizing with Grace: Your Calgary Realtor's Expertise
For many homeowners, the prospect of downsizing can be both exciting and challenging. Whether you're empty nesters looking to simplify or individuals seeking a more manageable living space, a Downsizing Calgary Realtor is the key to a seamless transition.
These specialized Realtors understand the unique considerations involved in downsizing. They can help you assess your current needs, identify the most suitable properties, and navigate the emotional aspects of parting with a long-time residence. From determining the optimal time to sell to orchestrating a downsizing plan that suits your lifestyle, a Calgary Realtor dedicated to this niche ensures that the downsizing process is efficient and stress-free.
Calgary First-Time Buyers: A Realtor's Guidance on the Path to Homeownership
For individuals stepping into the real estate market for the first time, Calgary offers a myriad of opportunities. Navigating this landscape, however, can be overwhelming without the guidance of a knowledgeable and experienced Realtor specializing in first-time buyers.
A Calgary First-Time Buyers Realtor serves as an advocate, offering insight into the market, explaining the intricacies of the buying process, and helping clients explore available financing options. From deciphering property listings to coordinating inspections and negotiations, these Realtors are dedicated to empowering first-time buyers with the knowledge and support they need to make informed decisions.
Dual Expertise for Comprehensive Real Estate Solutions
What sets a Calgary Realtor apart is their ability to cater to a wide spectrum of clients, seamlessly transitioning between the needs of downsizers and the aspirations of first-time buyers. Whether you're selling a family home or searching for your inaugural property, these Realtors combine their extensive market knowledge with a client-centric approach to ensure a positive and tailored real estate experience.
Calgary's Diverse Real Estate Landscape
Calgary's real estate market is as diverse as its residents. From modern condominiums in the heart of the city to charming single-family homes in family-friendly neighborhoods, the options are vast. A skilled Calgary Realtor, whether specializing in downsizing or assisting first-time buyers, has a deep understanding of the local market trends, ensuring that clients find the perfect property to suit their unique preferences and lifestyle.
Conclusion: Partnering for Success in Calgary Real Estate
As you embark on the journey of downsizing or venture into homeownership for the first time in Calgary, the guidance of a specialized Realtor is your ticket to a smooth and successful transition. With a wealth of expertise, these professionals provide the insights and support needed to make informed decisions, turning real estate aspirations into reality in the vibrant city of Calgary. Whether you're scaling down or stepping up, trust in the expertise of a dedicated Calgary Realtor to guide you through the exciting world of real estate.
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kellerenginnering-blog · 1 year ago
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How to Choose the Right Engineering Consulting Firm for Your Reserve Fund Study
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Introduction
For condominium boards, co-op associations, and property managers, planning for the future is essential. One crucial aspect of this planning is conducting a Reserve Fund Study, which assesses the condition of a property and its components while estimating the funds needed for future repairs and replacements. Choosing the right Engineering Consulting Firms Toronto to perform this study is paramount. In this blog, we will guide you through the steps to select the best engineering consulting firm for your Reserve Fund Study.
1. Define Your Needs and Goals
Before you start your search, it's crucial to have a clear understanding of your needs and goals for the Reserve Fund Study. Consider factors such as the size and type of property, the scope of the study (including common elements and exclusive-use areas), and any specific concerns or priorities.
2. Research Potential Firms
Start by compiling a list of engineering consulting firms in your area that specialize in Reserve Fund Studies Calgary. You can ask for recommendations from industry peers, check online directories, or contact your local engineering association for referrals. Ensure that the firms you consider have experience with properties similar to yours.
3. Verify Credentials and Experience
Once you have a list of potential firms, it's essential to verify their credentials and experience. Look for the following:
Professional Engineers: Ensure that the firm's engineers are licensed professionals with expertise in building evaluations and Reserve Fund Studies.
Experience: Review the firm's track record in conducting Reserve Fund Studies for properties similar to yours. Ask for references and case studies.
Insurance: Confirm that the firm carries professional liability insurance to protect against errors and omissions.
4. Interview Potential Firms
Narrow down your list of candidates and schedule interviews with the top firms. During the interviews, ask questions such as:
How do you approach Reserve Fund Studies, and what is your methodology?
Can you provide a detailed outline of the study process, including timelines and milestones?
What technology and tools do you use for inspections and evaluations?
Do you have experience working with our type of property or similar communities?
Can you provide examples of past Reserve Fund Studies you've conducted?
How do you handle unforeseen issues or changes during the study process?
What is your fee structure, and what services are included in the cost?
5. Request Proposals
After the interviews, request written proposals from the firms that meet your criteria. The proposals should outline the scope of work, the timeline, the cost estimate, and any terms and conditions. Carefully review these proposals to ensure they align with your needs and budget.
6. Check References and Past Work
Contact the references provided by the firms and inquire about their experiences working with the consulting firms. Ask about the accuracy of their studies, the quality of communication, and the overall satisfaction with the services provided.
7. Assess Communication and Collaboration
Effective communication and collaboration are vital throughout the Reserve Fund Study process. Evaluate the firm's responsiveness, willingness to address your concerns, and ability to explain complex technical details in a clear and understandable manner.
8. Consider the Long-Term Relationship
A Reserve Fund Study is not a one-time task; it's part of a long-term plan for your property. Consider whether the consulting firm is a good fit for an ongoing partnership, as you may need their services for future updates and studies.
Conclusion
Selecting the right engineering consulting firm for your Reserve Fund Study is a critical decision that can have a lasting impact on the financial health of your property. By defining your needs, researching potential firms, verifying credentials, interviewing candidates, and thoroughly evaluating proposals and references, you can make an informed choice that ensures the accuracy and reliability of your Reserve Fund Study, ultimately benefiting your community's financial stability and peace of mind.
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preconstruction-info · 1 year ago
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condopropertymanagement · 2 years ago
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The Challenges of Condo Management
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Condo management is the process of managing condominiums – residential apartment buildings with common areas and a condo association. It's a unique position in the property management industry, and it has its own set of challenges.
It's a complex process that requires specialized knowledge and skills. A well-trained condo manager will work to build and maintain a strong relationship with the community's residents.
The biggest challenge for a condo manager is working with a community that is in a constant state of change and development. They need to be able to adapt and adjust their approach when things become difficult, or new changes occur that will affect the community as a whole.
They must also have excellent communication skills and the ability to handle multiple tasks at once without sacrificing professionalism. For example, if a resident has an emergency pool repair, you may need to focus your attention on that project while also responding to a marketing phone call that comes through at the same time. To know more about condo, visit this website at http://money.cnn.com/interactive/pf/real-estate/micro-apartments/.
One of the best ways to keep the condo community running smoothly is by creating a set of rules and guidelines that everyone adheres to. This will prevent problems from happening in the first place, and it'll also help you to address issues that do arise.
A good condo management calgary company will understand how important a set of rules is to the success of the building. They'll work to create a set of policies and procedures that will be followed by all residents, from the smallest to the largest, and they'll make sure that everyone knows what the rules are.
They'll also have access to tools that can help them stay on top of a community's day-to-day operations. These tools include software that will allow them to track service requests, manage the condo calendar, and create detailed unit files for each resident.
This will enable them to stay on top of things like emergency contracts, pet details, and parking enforcement. This will help them to streamline the processes that go into managing a condo, which can save your community money.
It's also a great idea to choose condominium manager company that has experience with your specific type of condo. The right company will be able to help you with everything from maintenance and negotiating with contractors to dealing with delinquent owners.
You can also find out more about the type of services that a condo management company provides by visiting their website and reading reviews from previous customers. This can give you an idea of how they work, and it'll help you decide if they're a good fit for your condominium.
There are many different companies that offer condo management services. Some of these are very established and long-standing in the industry, while others are up-and-coming.
Some companies that manage condos do so with a full-time staff. The ones that do this have years of experience and will be able to provide the level of customer service that you're looking for.
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normantoncondo36-blog · 4 years ago
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Instructions on Getting the Best Condo Protection
Are your condo insurance charges more that you were anticipating them to be? In most instances, terme conseillé insurance rates are typically offered at cut costs than other types of insurance. The reason being there are actually two types of insurance coverage that cover a condo: one that home owner (or condo corporation) maintains, and one that the renter maintains. As a result, you theoretically are only responsible for your half the coverage, and that should imply lower insurance rates. Condo insurance charges, however , still represent a great portion of a condo owner's spending budget. This doesn't necessarily have to be the situation, though. While you still have to purchase this insurance (and wouldn't want the added expenses or risk of not having which coverage), and while the condominium corporation's management of your device will impact your possible savings, you can still discover proactive ways to reduce your house insurance costs. Normanton Park
How can you reduce your property costs? There are a few different ways you are able to approach the task: you can make modifications to the condo itself, for your habits within the condo, or the features of your insurance policy.
Here are some tips that will help you save on your own condo insurance costs.
1 . Set up smoke detectors: It is always good for you to install smoke (and carbon monoxide) detectors within your unit. If they aren't currently there and you install all of them in your condo unit once you move in, make sure you let your insurance carrier know. Doing so will possibly decrease your rates.
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2 . Obtain a bundle: Most insurers provide you with a bundle discount that drops your rates by 5 in order to 7 per cent if you buy each condo insurance and auto insurance.
3. Be claim-free: Are you currently claim-free so far? Some insurance companies will reward you with a claim-free discount. It's worth requesting to see if you are eligible. Normanton Park showflat
four. Look at your policy limitations: Review your coverage limits. There are a chance you might be paying greater rates for coverage quantities you don't need. If your condo material are only valued at $30, 000 and your policy provides a default $50, 000 protection, you can decrease the policy towards the coverage amount you need, therefore reducing your costs.
5. Have you been a loyal client? Are you currently with your insurance provider for a period of time? You may be eligible for a reward by means of a loyalty discount. It can well worth asking your insurance provider to see if you qualify.
6. Re-think your earthquake coverage: Get riders for threats you very at-risk for? Earthquake coverage is one example. A few regions aren't very likely to have an earthquake (Calgary, Edmonton, and Toronto) because they not necessarily located near any problem lines, and if you live generally there you could drop the earthquake coverage to lower your condo insurance costs. Just make sure you think two times about doing this in Vancouver. It's a region that is widely recognized for its seismic activity.
These tips will help you lower the price of your condo insurance, however, you don't have to take these actions alone.
Normanton Park is by MCC & Kingsford. Hotline 61009963. Get Discounts, Direct Developer Price, Floor Plan, Price List & Brochure. New Launch Condo near Central Singapore.
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ditchthediy · 2 years ago
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Add some colour to your life with Harding’s Painting. From residential decks and fences to full condominium building exteriors and everything in between. We’ve got your covered in colour! #ditchthediy and hire Harding’s for all your residential, commercial, property management and condominium painting needs. #paint #painters #painting #interiorpainting #exteriorpainting #residentialpainting #commercialpainting #residentialdesign #interiordesign #interiordecorating #decorate #decorating #yyc #calgary #alberta (at Calgary, Alberta) https://www.instagram.com/p/CgCIqK2LO0a/?igshid=NGJjMDIxMWI=
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itsyourbizme · 3 years ago
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parterreproperty · 2 months ago
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How Property Management in Edmonton Ensures Accurate Financial Reporting and Budgeting
In the dynamic world of real estate, accurate financial reporting and effective budgeting are crucial to the success of any property investment. For landlords and property owners in Edmonton, ensuring that their properties are managed efficiently is key to achieving financial stability and growth. This is where professional Edmonton property management services come into play. By partnering with experienced property managers, property owners can rest assured that their financial operations are handled with precision and care.
Expertise in Financial Reporting
One of the primary responsibilities of Edmonton property managers is to deliver clear, accurate, and timely financial reports. These reports are essential in providing property owners with a comprehensive understanding of their property's financial performance. Edmonton property management companies utilize advanced software and reporting tools to track income, expenses, and overall profitability. This real-time data allows property owners to make informed decisions regarding their properties and plan for future growth.
A reliable property management company in Edmonton will provide detailed reports that include maintenance costs, taxes, insurance premiums, and other operational expenses. They also ensure that every financial transaction is recorded accurately and transparently. This level of accountability builds trust between property managers and owners, giving owners confidence in the management of their investment.
Budgeting for Long-Term Success
Budgeting is another critical aspect of property management in Edmonton. Proper budgeting helps property owners plan for both routine expenses and unforeseen costs that may arise. Experienced Edmonton property managers take a proactive approach to budgeting, helping property owners set aside funds for necessary repairs, upgrades, and maintenance tasks. This ensures that properties remain in good condition while minimizing unexpected financial burdens.
Property management companies in Edmonton are skilled at forecasting future expenses based on historical data and current market trends. This allows them to create budgets that account for ongoing maintenance, future improvements, and any changes in the local real estate market. By managing these aspects, property managers help owners avoid costly surprises and ensure that their properties remain financially sustainable in the long run.
Legal Compliance and Tax Management
Edmonton property management companies also play a key role in ensuring compliance with local laws and regulations. They stay up-to-date with the changes in Edmonton's real estate laws, ensuring that properties meet all legal requirements. Additionally, they assist property owners with tax management, helping them navigate property tax regulations and file the necessary paperwork accurately and on time.
Conclusion
Accurate financial reporting and effective budgeting are vital components of successful property management. By working with professional Edmonton property managers, property owners can ensure that their financial operations are handled with expertise and precision. From generating detailed financial reports to creating long-term budgets, Edmonton property management companies offer a range of services designed to enhance the financial stability and profitability of their clients' investments. Whether you are a new or seasoned property owner, partnering with a trusted property management team in Edmonton can provide peace of mind and help you achieve your financial goals.
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rocyfanandez30 · 3 years ago
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Property Managers Calgary
A property manager for a condo is responsible for day-to day running of a condo complex. This includes coordinating monthly meetings with the association in addition to collecting and disbursing condo fee, enforcing condominium rules and regulations, and ensuring that the common areas are clean and safe.
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preconstruction-info · 2 years ago
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✨IMPERIA CONDOS✨ Allocations are on hand! Contact me to book the unit! Urban living at a prime location in Downtown Calgary! 🌇 📍Located at 11th Avenue & 4th Street SW 🍸All the best Calgary has to offer is right at your doorstep 🛍Easy access to the city's largest employers, trending restaurants, and best entertainment 🎓 Walking distance to the University of Calgary's DT Campus PLATINUM LAUNCH INCENTIVES ����2 Year FREE Condo Fees 🔹2 Year Rental Guarantee 🔹2 Year FREE Turnkey Professional Property Management from Empire 81 🌟$20K in FREE Upgrades 🌟FREE Storage Locker ($5,000 Value) 🌟FREE Assignment ($10K Value) 🌟Discounted Parking Stall Pricing $25K More Info: http://dlvr.it/Spwrt3 Contact: +1 647-945-8844 #investmentopportunity #newconstruction #realestateinvesting #exclusiveproperties #gta #gtahome #gtarealestate #gtarealtor #newdevelopment #preconstruction #realestateinvestment #LuxuryLiving #ROI #Ontario #Imperia #imperiacondo #UrbanLiving #condo #condominium #gtacondo #condosforsale #calgary http://dlvr.it/Spwrt8
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ditchthediy · 3 years ago
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Painting is hard, of#ditchthediy and hire Harding’s instead. From decks and fences to entire condominium buildings, we’ve got you covered! Residential - interior and exterior, commercial and retail, property management and condominium boards. We have a team specializing in it all! #painting #wevegotyoucovered #exteriorpainting #interiorpainting #commercialpainting #condominiumpainting #condominium #office #retail #interiordesign #kitchens #kitchencabinets #yyc #calgary #dewinton #okotoks #airdrie #cochrane #chestermere (at Calgary, Alberta) https://www.instagram.com/p/CeD7C-lrUvu/?igshid=NGJjMDIxMWI=
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cmsrealestateltd2 · 4 years ago
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At CMS Real Estate Ltd. our brokerage services focus on every major class of property including retail, industrial, office, multi-family residential, commercial condominium conversions and special use properties. Get Rental property management from us in Calgary .Visit us here!  
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parterreproperty · 4 months ago
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Understanding Alberta Property Insurance: What Coverage Do You Need?
As an Alberta property owner or manager, safeguarding your investment is crucial. Alberta property insurance provides essential protection against various risks, ensuring that your assets remain secure. This article delves into the types of coverage you need and the importance of understanding your policy as an Alberta property manager.
Basic Coverage Options
Building Insurance
Building insurance covers the physical structure of your property. This includes protection against damages caused by natural disasters like fires, floods, and storms, as well as vandalism and theft. For Alberta property owners, this is a fundamental coverage, ensuring that the cost of repairs or rebuilding is covered in the event of significant damage.
Liability Insurance
Liability insurance is crucial for protecting against claims of injury or property damage caused by your property. As an Alberta property manager, you could be held liable visitor is injured on your premises. This coverage helps cover legal fees and compensation costs, providing peace of mind in managing your property.
Specialized Coverage Options
Flood Insurance
Alberta is prone to flooding, especially in regions near rivers and lakes. Standard property insurance may not cover flood damage, making separate flood insurance a necessary addition. This specialized coverage ensures that you are protected against the financial impact of water damage to your property.
Earthquake Insurance
Though less common, earthquakes can occur in Alberta. Earthquake insurance covers the structural damage caused by seismic activity, providing an extra layer of protection for your investment.
Sewer Backup Insurance
Sewer backups can cause extensive damage to a property. This coverage protects against the costs associated with cleaning and repairing damage caused by sewer or drain backups, which are not typically included in standard property insurance policies.
Understanding Policy Details
When selecting Alberta property insurance, it’s essential to thoroughly understand the policy details. Here are some key aspects to consider:
Policy Limits and Deductibles
Policy limits define the maximum amount your insurance will pay for a covered loss. Ensure that these limits are sufficient to cover the replacement cost of your property and contents. Deductibles are the out-of-pocket expenses you must pay before your insurance coverage kicks in. Balancing affordable premiums with manageable deductibles is key to a suitable policy.
Exclusions
Exclusions are specific situations or damages that your policy does not cover. Common exclusions may include wear and tear, intentional damage, and certain natural disasters. Understanding these exclusions helps in knowing when additional coverage is necessary.
Endorsements
Endorsements or riders are additions to your insurance policy that provide extra coverage. For instance, adding an endorsement for valuable items like jewelry or electronics ensures comprehensive protection. As an Alberta property manager, tailoring endorsements to your property's unique needs is beneficial.
Conclusion
For Alberta property owners and managers, having the right insurance coverage is essential to protect against unforeseen risks. From building and contents insurance to specialized flood and earthquake coverage, understanding your policy options ensures comprehensive protection. By carefully selecting and customizing your insurance policy, you can safeguard your investment and maintain peace of mind as you manage your Alberta property.
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sandybrow2 · 5 years ago
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Marco Group of Companies
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Complete Listings Overview Learn More
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Courtesy of Marco Group of Companies
Despite adamantly claiming in his youth that he’d never go back to Newfoundland, Marco CEO Christopher Hickman did just that. It would be a quick stopover between business degrees, he told himself, and it wouldn’t be forever. “I thought I was just taking a year off to work with my dad [Tom] before I did something else,” he says, “and I certainly never intended to work in construction.”
But his timing was just about as bad as could be. Christopher returned in 1991 and the cod moratorium began in 1992, leaving 30,000 Atlantic Canadians—about 12% of the workforce—unemployed. Almost every industry was affected, including construction, and Tom Hickman’s general construction company—Marco Service Limited, founded in St. John’s in 1980—was no exception. “The economy was very depressed and we struggled for years to stay afloat,” remembers Christopher, who could have jumped ship at any time. “Instead, I hung around.”
Really he’s being humble, because the younger Hickman did a lot more than just remain on hand. He had a business degree in his pocket and a keen vision to keep the family business alive while others shuttered their doors. “Because we had a lot of hourly employees and simply not enough work to give them, we decided to transform ourselves from contractors to managers,” he says. In an unstable economy, pivoting to project management offered the company more flexibility. “It gave us the opportunity to readily ramp up or down, depending on the economy, which is always boom or bust. We realized we needed to smooth out the life cycle.”
As low as the first dip in the ’90s felt, Marco soon rode the cycle upwards. “Suddenly we were very successful again and growing quickly,” says Christopher, whose father retired in 2000 and passed along the role of CEO to his son. While head office remained in St. John’s, Marco opened a Halifax office in 2003, and most recently expanded to Calgary in 2019. (Wait, Calgary? “One of our strengths is repeat business,” explains Christopher. “When some of the developers we work with went west, we went with them.”)
Back on the East Coast, Marco has taken on what Christopher calls “the gamut of pretty much every kind of project.” If Marco was based in Montreal or Toronto, he says, the company might specialize in, say, hotels or fancy condominiums, but that just doesn’t work in Newfoundland. “You have to go with the flow here. We have to continually reinvent ourselves to [align with] whatever’s happening in the market.”
Christopher spent his early years at the company specializing in retail, overseeing the construction of Walmarts and Canadian Tires in the Atlantic provinces. The period that followed was largely institutional—schools and health care centres. More recently the company has added a P3 division to focus on this growing business segment. Whatever the project, Marco’s staff of 96 will oversee its design, finance, maintenance and operation.
The best and worst part of his job, says Christopher, is that every project is new and different. A large-scale project—like the recently completed $55-million renovation of St. John’s International Airport—requires organizing up to a hundred different subcontractors. Everyone, from architects and engineers to the locker and bathroom fixture installers, is subcontracted. “That’s a lot of moving parts and a lot of things that can go wrong,” he says, citing labour issues, unforeseen bankruptcy [of subcontractors], and even unpredictable weather that constantly wreaks havoc on the best-laid plans. Christopher is juggling about 30 projects and thousands of workers at any given time.
Thankfully, after 20 years at Marco’s helm, Christopher has acclimatized to the ebbs and flows. “We’ve been around so long that we’ve seen everything, and there’s nothing that would surprise me,” he says. Except maybe this: if Christopher’s two university-aged sons, 18 and 20, who aren’t particularly interested in the family business, decide to come home sometime. “You never know,” he says.
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Even more of Canada’s Best Managed Companies » // API calls for recent posts to the 'best-managed-companies' tag. Grabs five of the given posts at random. NOTE: Post IDs are hard-coded below in `eligiblePosts` 'use strict'; var bodyClass = document.getElementsByTagName('body')[0].getAttribute('class'); var container = document.querySelector('#dynamicPosts'); // tag id for 'best-managed-companies' // var tagID = 351657; var postCount = 5; var exclude = parseInt(( bodyClass.indexOf('postid') >= 0 ? isolateID(bodyClass)[1] : 0)); var eligiblePosts = [1079843,1079845,1079849,1079851,1079853,1079855,1079857,1079859,1079861,1079863,1079865,1079867,1079869,1079873,1079875,1079877,1079879,1079881,1079885,1079887,1079889,1079891,1079893,1079895,1079897,1079899,1079901,1079903,1079905,1079907,1079909,1079911,1079913,1079915,1079917,1079919,1079921,1079925,1079923,1079927,1079929,1079931,1079933,1079935]; var chosenPosts = arrayRandomSubset(eligiblePosts, postCount, exclude); // subset of eligiblePosts, see function below var endpoint = 'http://www.canadianbusiness.com/wp-json/wp/v2/posts?'; endpoint += 'include=' + chosenPosts.join(','); endpoint += '&_embed'; fetch ( endpoint ) .then(function(response){ return response.json(); }) .then( function(data){ postsRender(data); }) .catch(function( err ){ console.log(err); }); function postsRender(data){ data.forEach(function(post){ // Define Post Elements // post container var thePost = document.createElement('div'); thePost.classList.add('row'); thePost.classList.add('bmc18-latest-post'); // visual holder var theVisual = document.createElement('div'); theVisual.classList.add('col-xs-12'); theVisual.classList.add('col-md-4'); // visual link var theImgLink = document.createElement('a'); theImgLink.setAttribute('href', post.link); theVisual.appendChild(theImgLink); // text holder var theText = document.createElement('div'); theText.classList.add('col-xs-12'); theText.classList.add('col-md-8'); theVisual.setAttribute('href', post.link); // the image var theImage = document.createElement('img'); theImage.setAttribute('src', post._embedded['wp:featuredmedia'][0].source_url); theImage.setAttribute('alt', post._embedded['wp:featuredmedia'][0].alt_text); theImgLink.appendChild(theImage); // the headline var theHed = document.createElement('h1'); theHed.innerHTML = '' + post.title.rendered + ''; theText.appendChild(theHed); // the dek var theDek = document.createElement('div'); theDek.innerHTML = post.excerpt.rendered; theText.appendChild(theDek); // the spacer var theDivider = document.createElement('hr'); //tack it all together thePost.appendChild(theVisual); thePost.appendChild(theText); container.appendChild(thePost); container.appendChild(theDivider); }); } // return the wordpress postID from the body class function isolateID( string ){ var pattern = /postid\-(\d+)?/; return string.match(pattern); } /** * From a given array, provide a subset * @param arr — the array from which to read the values * @param n — the number of results required * @param excl — a value to exclude from the results */ function arrayRandomSubset(arr, n, excl){ let out = []; // for the specified count, loop over the given array, select values randomly, and add them to the output array, but only if they aren’t already included. // NOTE: we temporarily increase the length of the loop to output an array of length n + 1. This is so that if there is an `excl` value provided for ( var i = 0; i < n + 1; i++ ){ // select a random position in the array let r = parseInt( Math.random() * arr.length ); // if the value at position `r` isn’t already in the output, add it if ( out.indexOf(arr[r]) < 0 ) { out.push(arr[r]); // if the value IS already in the output, decrement the loop to try again. } else { i--; } } // if the excluded value is not in the output, just trim to `n` results if ( out.indexOf(excl) < 0 ) { return out.splice(0, n); // if it IS in the output, remove it. } else { let e = out.splice(out.indexOf(excl), 1); return out; } }
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