How To Price Catering
People in charge of procuring food for a business or social event often wonder how to price catering. Most people want to receive quality food at an affordable price but they may not know where to start.
Think about the type of event and location. The catering services needed for an engagement party will probably be much different then the services needed for the outdoor company picnic.
Estimate the amount of people who need to be fed. Small catering companies may or may not be able to provide service to events where hundreds of people are attending, however they may be perfect for luncheons or small parties.
- Think about the type of food and number of courses require for the event. Does the event warrant a four course five star meal or will buffet style suffice?
Nail down a date early. Many popular catering companies book events months and even years in advance. If you need to price catering for an event it is best to start as soon as possible.
- Ask for recommendations. Ask friends and business associates who have hired caterers previously if they have any suggestions. They can give honest advice that may save time and money.
- Call the list of potential catering companies. Call each company, tell them about the event, and ask if they can provide the services needed. Don't forget to get an idea of the price. Knowing the price company would charge may take them out of the running or it may move them to the top of the list.
- Arrange a tasting. It may be a good idea to taste the potential menu items, especially if there is no previous relationship with the company.
- Pick the catering company that best meets the needs of the event. Make sure to notify the winning company that they have been chosen to provide the service. More than likely they will want to enter into a contract to finalize the deal.
Posted on: May. 05, 2010