| Management Contract Analysis/Negotiation |
A client of ours once remarked:
"If your firm wasn't involved we would have paid too much!"
While the cost of third-party management is only one issue of many in a complex management relationship; we do have a reputation of being tough, but fair, negotiators. (Yes, we've been on both sides of the table.)
A management company contract should provide an owner with a competitive advantage. Period. Competitive advantage is not limited to fees, but also enhances the owner's ability to identify issues and solutions. The management company contract should include a set of metrics that enable the owner to regularly measure value. Conference Center Consulting Group negotiates terms and fees that reward excellence and insure the ability to operate effectively for owners.
There's more… most management company contracts are drafted by the management company's counsel. Typically, there is no mention of "best practices" or actions that may exceed "industry standards." Often, the property owner's lawyers rarely have hands-on experience with hospitality "best practices" or performance metrics. We will work with your counsel to enhance the value of your relationship with your management company. Our mantra is, every word, every line, every paragraph and every page counts… So whichever side of the table you're seated, Conference Center Consulting Group's contract support keeps earning for you, long after the negotiations have ended.
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