Hospitality FF&E & OS&E Procurement Project Management and Consulting

GPSGlobal Procurement Systems,

LLC

GPS

October 26, 2009

Contents

Mission StatementOur FocusUnderstanding ConcernsIndustry NeedsThe RelationshipsThe ProcessServices ProvidedGoing “Green”Our Experience – Projects we’ve been involved withWhy GPS ?Thank You

Mission Statement

“To deliver to our clients their design team’s intent and vision, at the lowest achievable total delivered cost, with no sacrifice in quality, on time, and at, or more typically, below budget”

Our Focus

GPS caters globally to the following Mid-scale to Ultra Luxury hospitality segments:

Hotels Casinos Resorts Spas Timeshares

Understanding

Concerns

GPS has a true understanding of all client concerns !!

Will the specified products be:

Of contract quality, durable, and suitable for intended use ?

In compliance with federal, state, and local fire codes ?

Delivered on time and in good condition ?

Priced within established budget parameters ?

Sustainable (If LEEDS initiative) ?

Manufactured and delivered with the lowest possible carbon footprint (If LEEDS initiative) ?

Industry Needs

GPS understands that for owners /developers who do not have the internal resources or desire to manage the FF&E / OS&E procurement process, what is crucial for a successful project outcome is:The involvement, assistance, and expertise of a qualified, knowledgeable, and dedicated purchasing company that has the capacity to address all client concerns down to the most minute detailA company that can and will address concerns proactively, rather than put out fires after discovery of a problem A company that is truly fluent in the language of hospitalityA company that is capable of working closely with your design team to ensure that what is purchased is 100% what is expected

The Relationships

The truly successful outcome of every project relies on the quality of relationships between:

Our Clients: Owners / Developers, Owner’s Representatives, General Project Management Firms

Our Support Network: Design, Architectural, and Construction firms

Our Vendor Network:Global Manufacturers and their Representatives

The Process

Each Project is assigned to a Dedicated Senior Project Manager

and are all overseen by Company Executives

The support system in place for your project has extensive experience in:

Global Sourcing / Vetting of Qualified VendorsPurchasing Project ManagementCost Control / Value Engineering via Skilled Negotiation Expediting to Ensure “Per Time-Line” DeliveriesFinancial Accounting and Cash Flow Management

Services Provided

Procurement Project Management Services:Coordination and collaboration with client and client’s design team on all FF&E and OS&E needs for model room(s) and productionComprehensive review of all designer specifications and quantification matrixes to ensure a seamless bidding processManagement of initial and subsequent competitive bidding processes based on your designer’s specificationsPrepare Vendor Bid Analysis report and analyze bid submission by line item vs. project budgetMake recommendations and assist with final vendor selection based on pricing, capacity, and project time-line criteriaBid out and secure warehousing, delivery, and installation services if requestedPreparation and issue of purchase orders to selected vendorsCash Flow Management – invoice audits and vendor paymentsProcurement expediting to ensure time-line based deliveriesScope punch list – product issue resolution if called forProject Close-out – all supporting documentation provided

Consulting Services

Pre-design consulting and assistance with preparation of FF&E / OS&E portion of GMP budget for review and / or submission to financial institutionsAssistance and / or management of prototype development of all specified items In-design consulting and assistance in meeting budgetary or LEEDS guidelines by providing vendor alternatives or using leverage with vendorsAssistance with FF&E warehousing, delivery, and installation projections based on your project time-lines.Project expediting and logistics management – If you are managing this scope and find you need assistance

Services Provided

Additional Services availablePreparation of a Capital Replacement budget and plan, with listings of all furnishings as well as counts, specifications and estimated replacement costs. This listing includes installation, freight and warehousing costs (if applicable).Five year capital plan for furnishings, operating supplies, kitchen and laundry. We can include pictorial references of furniture and equipment. Vertical Room Charts and furnishing matrixes, recommendations, and organization of reusable furnishings. A written scope of work for renovations is included.Provide advisory services for all aspects of the Kitchen and in-house Laundry including selection of designers, value engineering, bid process for both equipment and installation.Assist with determining IT requirements and presenting options available.Provide qualified design teams, architecture teams, and construction companiesProvide inventory listings with par level evaluations.Full specification writing services including alternative vendors. Product presentations, VE alternatives, and suggestions for OS&EDisposal services for retired casegoods and upholstered furnishingsFurniture repair and restoration services

Services Provided

Going “Green”

GPS is totally on board with and committed to LEEDS and “Green” initiatives !!

Our Senior staff is familiar with LEEDS programs and sustainability requirements and is committed to on-going education. We maintain a complete list of sustainable manufacturers and will work with you and your team to provide information and alternatives as desired.We keep abreast of industry trends and developments to inform and present alternatives related to energy efficient, low carbon footprint, and other eco-friendly options.

Our Experience:

Projects we’ve been involved with

Hollywood Hotel - Bangor, MEHollywood Slots Casino - Bangor, MECharles Town Inn - Charlestown, WVResidence Inn - Ft. Worth, TXWestin Embassy Row - Washington, DCCap Juluca - AnguillaLittle Dix Bay - British Virgin IslandsCaneel Bay - US Virgin IslandsK Club - Antigua and BarbudaJumby Bay - Antigua and BarbudaLa Samana - St. Maartin Sheraton Resort - St. MaartinMullet Bay Resort - St. MaartinSands Hotel - Turks and CaicosPalms Hotel - Turks and CaicosCable Beach Resorts - BahamasMartineau Bay - Puerto Rico (Vieques)

Why GPS ?

We hold at the highest level of priority our client’s two primary goals:

Products arrive as committed to GPS per client time-line needsScope of project spend meets, or more typically, arrives below agreed upon budget

With our experience and extensive vendor network we are able to leverage our purchasing power to bring optimum value engineering with no sacrifice in quality and on-time deliveriesOur vendor leverage is your insurance policy for satisfactory product issue resolution. GPS will always utilize “Must-Use” vendors when approvedGPS maintains New York and Florida offices GPS acts strictly as agent on your behalf giving you full transparency of lowest negotiated pricing

Global FF&E & OS&E Purchasing Project Management

For further information please contact:

Julian BrachfeldPresident & CEO

GPS Global Procurement Systems, LLC49 Union Avenue

Amityville, NY 11701516-319-1080

jbrachfeld@gloprosys.com Please visit our website at:

www.gloprosys.com

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