Hi Ladies,
This is my first time posting here - although since I have started planning (just a month ago) I have perused through the message boards and have to say, you all offer AWESOME advice...
With that said, here's my dilemma:
FI and I were all set to book our reception and ceremony at Strawberry Farms in Irvine for next summer (2012). We have the contract in our hands and everything, however, when reading through it, there was one part that raised a red flag for us: "All food and beverage menu pricing changes each calendar year. Therefore in determining your final budget, please reference the actual year's pricing in which your event is scheduled to take place."
The venue does not have their 2012 pricing yet. When I asked the lady whom we have been working with about this, her response was: "The prices for next year may or may not change. If they did they did increase it may be around 10%. Unfortunately I do not know if they will be changing or not. " (sorry, I don't know how to make the font/text size smaller after copying and pasting it)
Is this normal for other venues as well? I understand we're booking far in advance but how are we supposed to appropriately budget (we're paying for this ourselves) if the proposal and per person costs may be actually 10% more than what initially told us? I plan to call her and talk to her about it but I'd love to know ahead of time if this is standard practice or not.
Thank you in advance!!
Re: Venue Contract Negotiations - Please help!
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I agree with Mery. I do think it is common for places to increase each year, but it sucks they aren't letting you lock in this year's prices. I would see if there is anything you can do, even if it is some kind of discount after increase.
How popular is the venue? I would politely but firmly ask them to remove the clause. If there's a particular item the vendor is worried may increase I would talk to them about possible substituting. For example, if your menu consists of a fish only found in a small part of the world then I can see how that price might fluctuate greatly and possibly increase by 100%. You can consider a clause allowing substitutions as long as you have the final approval. If it's chicken or steak chances are the increase is slight and imo the vendor should account for that in this year's prices.
The vendors have your deposit a year or more in advance. They can use it for their cash flow or let it sit in their savings account earning money. They should be able to determine prices that won't change imho.
(Sorry for the long post.)
Happy {almost} Friday!