Evening Catering - Price Insurance??
Been a member a while, not posted anything before but have enjoyed reading all the threads :-)
I'm getting married June 2017, we are having a church ceremony followed by reception at a local Village Hall. We are on a tight budget so i am DIY ing a lot of the decorations/ invitations etc, even flowers! (Or attempt to!)
We are having an Afternoon Tea for the day guests late afternoon then a big BBQ/ Paella in the evening for all our guests.
I have received my amended quote back from the evening caterers this week and he has mentioned that seeing as my wedding is so far away he recommends taking out 'price insurance' which is stipulated in the contract as '
The CLIENT may opt out of cause 3 by paying a fixed cost insurance of 10% of estimated
contract cost for every year the booking proceeds the event.'
Has anyone else come across this in their dealings with caterers? I obviously know that costs fluctuate and are likely to increase, so are they saying that i pay 10% of the total cost quoted with my deposit to secure price, or pay an extra 10% on top of the total quoted price?
Thanks ladies x