Hotel FFE procurement owner risk, and who carries the operating supplies
Hotel FFE procurement owner risk sits in three budgets that never meet: the construction contract, the operator specification and the pre opening account.
Procurement and buyout
What is bought, what is still an estimate, and the dates behind the long lead items.
What this covers
The questions in this category
- What the buyout gap tells you
- Long lead items and release dates
- Packages still missing at signature
- Award dates already passed
- Estimated against awarded work
- Reporting buyout monthly
Published
4 pieces
Missing procurement packages in a GMP, counted at signature
Missing procurement packages in a GMP are the part of the price that has not been tested yet, and counting them takes one document and twenty minutes.
The GMP buyout process, and what the buyout gap tells you
The GMP buyout process turns estimates into subcontracts one package at a time, and the gap between the two is the clearest signal a project gives.
Long lead items and the construction schedule date behind the date
Long lead items on a construction schedule carry a release date months before the install date. Miss it and the completion date moves on its own.