Summary of the Project
HFM Asset Management was contracted by VenuesLive Management Services (WA) Pty Ltd as agent for VenuesWest (VenuesLive) to undertake the tender specification, analysis and recommendation review for the Electricity & Gas tender for Perth’s biggest stadium.
About the Client
“VenuesLive is a leading provider of management and hospitality services to venues and events. It operates three of Australia’s most iconic stadiums.”
Undertake the tender specification, analysis, recommendation and contract negotiation for the Electricity and Gas provision to Perth’s biggest stadium.
A formal ‘Request for Pricing’ (RFP) was issued through VenuesLive’s tendering portal and the received electricity & gas offers were provided to HFM for analysis.
HFM conducted a comprehensive review of the pricing submissions and outlined the respective recommendations to the client, regarding retailers and length of the contract.
Energy cost drives and pricing mechanisms were detailed to the client during the process to ensure that the full contract costs were understood.
Perth’s biggest stadium are now contracting their energy needs in a transparent manner which will allow savings from energy saving initiatives and smart building management to flow through to the venue.
After completing this successful procurement process, VenuesLive engaged HFM for Capacity Charge reduction services, to help the stadium have further savings on electricity due to efficient management of the property.
“HFM recently provided Electricity Procurement Services to the team at VenuesLive for Perth’s biggest stadium.
The high quality of service provided by HFM was not only aligned with our standards and requirements, but also the guidance HFM provided to our team throughout the process was clear, explaining complex concepts such as cost drivers of energy into easy-to-understand information for everyone involved.
HFM’s detailed examination of the contracted terms & conditions was key for the VenuesLive team to get an accurate understanding of the risks and obligations involved in energy supply contracts.”