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What Should a Team Building Event Cost?

What Should a Team Building Event Cost?

by Cynthia Shon 28. October 2009 08:38

When you ask for a team building proposal from a number of companies, you are likely to see many of the same types of activities at very wide ranging prices. Why is this, and how should you think about it? Does more expensive mean higher quality? Here's the truth... team building companies, just like any other business organization will charge whatever they can. Most of their costs, aside from day-to-day office expenses are in human resources and producing and maintaining a certain amount of equipment for the events they provide.

Recently, we provided a 3-hour team building event to a group of 10 people. The price was $2,000. Our client said that we were the least expensive proposal they received by far. Two other companies quoted $3,000 and $4,000 for a similar programs, and another priced their "training program" at $5,000. If we are dealing with a small group of less than 15, those kinds of prices do not make sense. However, because we were relatively inexpensive, our client did wonder about the quality of our event. She was delightfully surprised at just how great it was.

You can certainly spend more and you can spend less...

  1. Corporate Games puts most of its resources into designing the right activity in detail and providing expert facilitation and training. We work very closely with you to insure that the vision you have of the event and your goals are realized. This is an emphasis on SERVICE -more than purchasing impressive material items. And that allows us to be reasonably priced and a very high value.
  2. You may certainly opt to spend more on “staging” (props/set-decoration) for the event if you choose. It helps to make an awesome first impression, and boosts the “Wow!’ factor.
  3. Are you working with a company that actually provides the team building??? There are many companies that advertise "team building"-- but use another vendor to supply it. You could end up paying more, because now two companies need to be paid-- not just one.
  4. Is there travel needed? Is the team building company you are considering a local firm? Travel costs can be huge.  
  5. Does the cost include site rental fees or food and beverage? These are typically quoted in addition to the cost of the event (not included).
  6. Is the event "high risk" and require onsite first aid services? Also a possible added cost.

The bottom line is this, when you are looking for a team building company and receive several proposals, find out how they price their events. Just ask. What are you getting for the money? AND- be honest about your budget if you have one.

      

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Cynthia Shon

Cynthia Shon
Founder and President
Corporate Games, Inc.

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