Tifco Hotel Group is Ireland’s number one choice for Conferences, Meetings and Events offering a comprehensive selection of size, scale and choice in venues and can cater for every conference or event scenario, accommodating from 2 to 1,800 delegates.
Sector: Hospitality
Contract Type: Flexible-Risk Managed
Tifco Hotel Group was looking for an independent consultant who had strong established relationships with the various suppliers in Ireland and who could recommend a product to suit the specific requirements of the hotel industry. Having always had fixed price contracts, the group also sought to gain comfort in changing to a flexible product by dealing with a company that was an expert in the field of risk management and basket procurement.
HEG negotiated contracts with the hotel group’s energy supplier and saved Tifco €111,974 or 4.2% on annual spend. By risk managing the portfolio as well, HEG projects further savings of €178,066.28 over the period of the supply contracts on natural gas and electricity which equates to a further 3.5%.