What is a critical requirement for a Property Manager when dealing with property under government contract?

A critical requirement for a Property Manager working with property under government contract is the need to have an effective relationship with all sponsor representatives. This relationship is vital because government contracts can involve multiple stakeholders and layers of oversight. Effective communication and collaboration with sponsor representatives ensure that expectations are aligned and that any issues are resolved promptly. It also facilitates understanding of regulatory requirements, compliance issues, and any specific needs or objectives of the government entity. This relationship can play a significant role in maintaining the property’s operational efficiency and ensuring adherence to contract stipulations.