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Hospitality build-out guidance
United States & Canada

Desk 02 · 3 stories

Money & Contracts

Budgets, contracts, draws, allowances, and the paperwork that decides who pays for what.

Dusk light and lit interiors in a hospitality build-out, illustrating cost per key, cost per seat, handle with care
Dusk light and lit interiors in a hospitality build-out, illustrating cost per key, cost per seat, handle with care

Featured guide

Cost per Key, Cost per Seat — Handle With Care

The hospitality industry compresses whole build-outs into one number — cost per key for hotels, cost per seat for restaurants. Useful shorthand, dangerous arithmetic. A Budget Desk piece on what the ratios genuinely tell you and the five ways they lie.

· 6 min read

02

The complete desk

All Money & Contracts guides

  1. 02

    Budget Desk

    Fixed Price, Cost-Plus, GMP — What the Contract Decides Before Work Starts

    Before a wall moves, the construction contract has already decided who carries price risk, who profits from surprises, and what your monthly money meetings will feel like. A plain-language tour of the three contract structures a hospitality owner will actually be offered.

  2. 03

    Budget Desk

    The Change-Order Economy

    Change orders are where fit-out budgets actually die — not in the bid, but in the drip of mid-project paperwork that reprices the job one signature at a time. How the change-order economy works, why it prices the way it does, and how owners keep it honest.