Doing Business With Rosemont

Environmental and Sustainability Policy

Rosemont works closely with Product and Design sourcing sustainable suppliers. We have completed multiple sustainable new construction and renovation projects.

Accounting and Establishing Credit

When Rosemont issues a RFQ for a product specification, suppliers must submit terms with the quote.

Based on Rosemont’s annual purchasing spend, we negotiate best costs for all our clients and not based on the budget of the project. More spend by the selected purchasing company deems best pricing for the owner. Because we are a subsidiary of Hyatt Hotel Corporation, Rosemont uses the same accounting systems and practices as Hyatt Corporation. Strong systems (Oracle) with very stringent policies. Rosemont prepares cash flow projections based on negotiated terms and provides them to ownership once released to cut purchase orders. Rosemont reviews all invoices for accuracy and processes them via a transmittal to ownership for approval and payment. Invoices are tracked in the Oracle system so budget vs actual is always up to date.

Project Tracking and Freight Management

Rosemont’s services include complete tracking of purchases for all phases of the project. Updated status reports showing status of items as well as payments is distributed bi-monthly and then weekly to Ownership and the Project Team.

Problem Resolution Process

Common project problems are freight damage, shortage of goods and product failure to name a few examples. Rosemont works closely with the warehouse and the installer so that notification is immediate of any damaged product. We immediately process freight claims and work with the suppliers on getting immediate replacements. We are actively involved with confirming receipt of goods and making sure condition of product is excellent.

Purchasing Reports

Rosemont uses Oracle Project Management software for all OES and IT purchasing. A detailed budget report (anticipated cost) is prepared and managed by Rosemont for both OES/BOH and IT costs. As costs actualized, they are confirmed by issuing the purchase order, tracked through payments of actual goods (deposits and final balance) and payments of duties/ tax and freight.

Freight is an “estimated” dollar amount will be budgeted until merchandise is shipped. Actual numbers will be reflected in purchasing report after goods are received.