hospitality procurement questions and answers

When it comes to partnering with a hospitality procurement provider, there’s no such thing as asking too many questions.

Innvision Hospitality is committed to honesty and transparency in all client relationships, so we encourage hoteliers to do as much research on a procurement company as possible before making a decision.

Here, we outline the answers to some of the most common questions we receive from our clients and prospects looking to furnish their hotels:

How Soon Can I Get a Quote?

Put simply, the timeline for obtaining quotes is contingent on the scope of your project. Properties with a pre-approved scheme will typically take five to seven days to receive a quote,  though getting a preliminary budget is often much faster than that. A full-blown quotation for a custom project may take anywhere between 14 to 20 days for turnaround time, since manufacturers must work from new, detailed specifications to develop their pricing.

It is important to be realistic about your project’s timeline and begin FF&E discussions early to give your project enough time.

How Do You Choose FF&E Vendors?

More often than not, the selected vendors for a property will depend on your hotel’s brand requirements. Boutique, independent and even some soft brand hotels will have more options when making vendor choices, while those under a flag will need to make sure all vendors and products meet the brand specifications. A strong FF&E procurement provider can guide you.

At Innvision Hospitality, we maintain strong vendor relationships to acquire the finest FF&E items at the best possible price. We research product quality, lead time, pricing, and other factors to develop specific recommendations and help you make the right choice for your specific project needs.

How Much Does Hospitality Procurement Cost?

Every project is different, and pricing depends on a property’s needs. FF&E for a custom designed hotel is typically a higher expense than it is for property with a pre-selected design scheme, but with custom items, there can also be more room for us to find savings by working with the right manufacturers.

While it may be tempting for some hoteliers to cut costs on procurement, it’s important to note that you get what you pay for.  What you invest in procurement services is often a direct reflection of the quality of service and professionalism that a provider will bring. Opting for cheap procurement may result in costly delays and more headaches, so it’s essential to partner with a reputable provider first and avoid paying more down the line.

Finding a Hospitality Procurement Provider

Choosing the right hospitality purchasing provider has a significant impact on any FF&E project, so it’s always wise to do your homework. One way to check the quality of a provider is to request client reviews. You can also learn a lot about a procurement provider’s scope of services and capabilities by doing a thorough review of their website. Doing research up-front will save you in both time and expense for your new construction or renovation project.

Do you have more hospitality procurement questions? The specialists at Innvision Hospitality are always available to answer any inquiries, be they general or specific to your project. Contact us today to speak with one of our experienced procurement consultants.