Bannon Commercial Property Consultants

The Challenges

The brief from the client was for HEG to carry out a procurement exercise for their group of properties, synchronising contract start and end dates for all properties and using bulk buying power to achieve best available rates. HEG was also requested to review all MICs and tariffs to find any anomalies in the billing format and therefore optimise the client’s costs.
Bannon actively review their clients’ energy consumption profiles, so this has been something HEG was asked to advise on.

The Solution

HEG carried out a number of rounds of tendering on behalf of the group to achieve best pricing. Contracts were awarded to the leading supplier, all with the same start and end date, and any new instructions Bannon have received have been rolled into the present contract. All of the savings opportunities identified in our MIC and tariff analysis report have been processed, resulting in strong savings across the portfolio. Bannon were set up with premium online access with their supplier, providing them with the ability to review consumption data in depth. Bannon also received HEG Energy Buddis to use on their sites. The tender realised a saving of €81,817.16 ex VAT against the previous position. On top of this, the MIC and tariff amendments brought a further saving of €28,171.76