Marand Builders Development Beyond Bricks and Mortar - Hispanic Network Magazine Article by Edward Cates

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Information about Marand Builders Development Beyond Bricks and Mortar - Hispanic Network...
Business & Mgmt

Published on November 18, 2008

Author: edwardcates

Source: slideshare.net

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Business profile article I wrote on Charlotte, NC based Marand Builders an outstanding diverse supplier in the construction industry. Published in April 2008.

A LATINO LIFESTYLE BUSINESS & EMPLOYMENT MAGAZINE Volume 20 Issue 4, 2008 MAGAZINE Best of the Commitment to Diversity in Best Higher Ed In 2008 In 2008 Hispanic Corporate Including: Achievers Diversity Companies Diversity Companies Aerospace Companies Aerospace Companies The Buying Telecom Companies Telecom Companies Power of Top Government Agencies Government Agencies Latina Business Financial Institutions Financial Institutions Leaders Pharmaceutical Companies Pharmaceutical Companies Supplier Diversity Programs Supplier Diversity Programs & More! Promoting Employment of Workers With Disabilities KATHLEEN WWW.HNMAGAZINE.COM $4.50US 04 HERLES The Billion 7 25274 93814 8 Dollar Voice

Marand Builders, Inc. Development Beyond Bricks and Mortar by Edward Cates “A supplier diversity program without opportunities doesn’t work. We can have meetings all day but if you don’t create opportunities for suppliers, corporations won’t be able to develop companies.” – Francisco Alvarado, CEO of Marand Builders, Inc. B eing ready for the next level of perform- ance in business requires razor sharp focus on short term and long-term objectives along with continued development and a track record of successful performance. Francisco Alvarado, CEO of Charlotte, North Carolina based Marand Builders, Inc. (Marand) is leading his company toward rapid growth and long lasting relationships that are fueling his drive towards the top. Marand specializes in providing general contracting services to an array of commer- cial entities including financial institutions and developers supporting the new construc- tion of banking centers, office buildings and renovations of existing buildings. Marand’s Francisco Alvarado Sonya Dukes success today has been through a progression from starting as a second tier subcontractor to Marand for first tier construction opportuni- Marand Builders operates upon five guid- becoming a first tier general contractor. ties after working as a subcontractor on proj- ing principles: quality product, timely execu- Francisco Alvarado forged his early ambi- ects for over 4 years. tion of the project, high customer service lev- tions for entrepreneurship while working in “If I had to select a go to firm to oversee els, competitive pricing and environmental the corporate world as a Senior Electrical the construction of our financial centers, responsibility. Alvarado’s focus on being a Engineer. Marand Builders would be among the top of competitive construction firm is paramount “After 14 years in the corporate world, I my list,” said Bill Wilkinson, Vice President of to their success and is complemented by their decided to start my own business. In 1998, I Wachovia Corporate Real Estate in charge of commitment to developing other Minority founded my first company, Alvacor, Inc. a new construction. “They have provided qual- Business Enterprises along the way. subcontracting company for metal framing, ity work on our financial center projects, been “Corporate Real Estate represents one of drywall and acoustical ceilings. In 1999, I competitive throughout our bid process and the most viable areas of opportunity within obtained my general contractors license for won the business on the merit of their work our Global Supply Chain at Wachovia,” adds commercial and residential construction and while providing sub-contracting opportuni- Sonya Dukes, Senior Vice President and founded Marand Builders, Inc.,” said ties for other minority businesses. We are Director of Corporate Supplier Diversity. Alvarado about his journey to current suc- proud to have them as a successful supplier “Our commitment to supplier diversity spans cess. partner.” from our Operating Committee to every asso- With 19 full time employees and revenues Wachovia’s commitment to creating ciate with sourcing responsibility and we will of $4.7 million in 2007, business is on the opportunities for diverse businesses has continue to create opportunities and sustain- upswing for Marand as the company is on translated into viable construction projects able development for diverse suppliers like track to achieve between $10-12 million in for Marand this year. In 2008 the firm com- Marand Builders that want an equitable revenue this year. Achieving exponential pleted construction of four new Wachovia chance to be competitive in an objective gains in today’s challenging economic envi- financial centers with another five in sourcing process.” ronment further demonstrates the unique progress, several up-fits for existing build- Marand Builders is interested in being an leadership, vision and quality performance ings and anticipate completing several more outstanding company first and foremost and Marand has established. After paying their financial centers in the next few months. their collective focus and performance is dues as a subcontractor on multiple accounts Alvarado credits the company’s successful yielding great returns through great partner- their commitment to excellence is paving supplier relationship with Wachovia to mutu- ships. Francisco Alvarado is appreciative of their way toward larger projects and success- al respect and proven performance. the journey this far and takes full accounta- ful client relationships that are yielding long- “Supplier diversity programs can be used bility for his role in developing other busi- term development for the construction firm. as window dressing when they should be nesses as he grows. The commitment of banking giant used to even the playing field. A supplier “Every company that is participating in Wachovia has been an example of a client diversity program without opportunities the supplier development process has a partnership that is catapulting their growth doesn’t work. We can have meetings all day responsibility to develop other small compa- within the challenging construction industry but if you don’t create opportunities for sup- nies in return. We are passing along the through supplier development. Wachovia pliers, corporations won’t be able to develop chance that we have received so that we con- has an enterprise wide commitment to sup- companies. Wachovia has a proven supplier tinue to build stronger communities and plier diversity and development and tapped diversity program that is not just a front.” increase opportunities for all businesses.”

WHEN WE E XPANDED OUR FOOTPRINT, DAVID COLÓN TOOK STEPS TO JOIN US. It started over coffee and eggs. Wachovia Corporate Supplier Diversity Business Manager Angela Brown, looking for West Coast contractors with experience in building out financial centers, invited David Colón to meet for breakfast. Realizing that David’s firm, a $20 million commercial general contractor company specializing in tenant improvements, was a great match for Wachovia’s West Coast expansion efforts, Angela quickly invited David to meet with Wachovia’s construction team. “It’s unusual to find a supplier diversity group that actually goes back and tells your story to the right people,” says David. “Wachovia Corporate Supplier Diversity made —Angela Brown it easy to navigate.” Wachovia A strong partnership began and, so far, NK David Constructors has built out 16 West Coast financial centers and taken on additional projects in Arizona and Nevada, where they have established satellite offices. David and his 25 employees are proud to help Wachovia grow and succeed on the West Coast. The affiliation has enabled the 20-year-old firm to enhance training, improve processes “I’m with Wachovia.” and upgrade computer systems and software. — David Colón, Owner, NK David Constructors “Wachovia is committed to developing us as a vendor to grow in other areas,” notes David. “I’ll forever be indebted to Wachovia for selecting us. If there is anything I can do to help Wachovia succeed more, I will do that.” SUPPLIERDIVERSITY@WACHOVIA.COM ©2008 Wachovia Corporation. Wachovia Bank, N.A., and Wachovia Bank of Delaware, N.A., are members FDIC. 082174

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