Don’t cut costs, cut down waste | By Himank Goswami

Our head of Strategic development during a late evening discussion mentioned to me ‘I can’t make this project viable in this cost; we’ll have to lower the cost in order to match the owner’s budget and make the return on investment numbers lucrative’. Next morning I sat down amending the Area brief, tightening area of each function down to the last square foot and making the circulation more efficient. The guestroom layout plan was reviewed again and I was able to cut down 10 square feet without compromising the functionality of the room (which translated into 2,000 SqFt for a 200 key hotel plus the saving on the grossing factor). I thereafter emailed him the updated numbers and a few days later the deal with the owner was sealed. However, the battle was only half won!