CASE STUDY

May 2023

Epos Global Sourcing saved Queens Developer over $60 per buildable square foot ($1,500,000+) in construction materials costs

Developer Forever 99 Holdings LLC utilized Epos Global Sourcing’s cost-saving procurement methods for the construction of 25,000 SF, 5-Story Mixed-Use Condo located at:

150-23 Barclay Ave, Flushing, NY 11355

CLIENT BACKGROUND

Epos Global Sourcing had the privilege of collaborating with developer Forever 99 Holding for their mixed-use commercial and residential project located at 150-23 Barclay Ave. Seeking to optimize cost-management by utilizing direct sourcing and procurement methods, they approached us to explore how our services could enhance their operations and drive cost savings.

CHALLENGE

Forever 99 Holdings faced significant challenges related to escalating material costs, lengthy procurement timelines, and reliance on multiple intermediaries. Their existing procurement methods involved wholesalers and supply depots, resulting in inflated prices and delayed delivery. They needed a streamlined solution that would enable them to source materials directly from manufacturers and expedite the delivery process, all while maximizing cost savings.

EPOS GLOBAL SOURCING SOLUTION

Understanding the unique requirements of Forever 99 Holdings, we devised a tailored approach to transform their procurement operations:

Direct Manufacturer Sourcing: We leveraged our extensive network of trusted manufacturers overseas to source construction materials and equipment directly, cutting out middlemen and reducing costs.

Comprehensive Takeoff Services: Our expert team conducted meticulous takeoffs, accurately assessing the required quantities of various materials, ensuring no overstock or shortages.

Efficient Procurement: With direct communication channels established, we managed the procurement process on behalf of Forever 99 Holdings. Our dedicated team negotiated favorable pricing and terms, securing the best deals from manufacturers for materials for flooring, cabinets, bathrooms, vanities, countertops, kitchens, roofing, parking lifts, and more.

Streamlined Logistics: Our logistics team organized door-to-door shipping (DDP), optimizing transportation routes and minimizing delays. The result was the prompt delivery of materials and equipment.

RESULTS AND IMPACT

By implementing Epos Global Sourcing's services, Forever 99 Holdings achieved a savings of over $1,500,000 when compared to material and equipment costs proposed by subcontractors and local sources.

COST SAVINGS

Our direct sourcing model allowed Forever 99 Holdings to bypass wholesalers and supply depots, resulting in a cost reduction of over a million dollars across multiple projects.

The elimination of intermediaries and negotiation of competitive prices directly with manufacturers had a substantial impact on their bottom line.

IMPROVED PROFITABILITY

The significant cost savings achieved through our services directly contributed to Forever 99 Holdings's profitability. With reduced expenses and increased project efficiency, they were able to allocate resources to other aspects of their projects, further enhancing their competitive edge in the market.

CONCLUSION

The collaboration between Epos Global Sourcing and Forever 99 Holdings resulted in a remarkable success story, demonstrating the power of our streamlined interior design, sourcing, and procurement services by saving $60 per buildable SF in construction costs.

By directly sourcing construction materials and equipment from manufacturers and implementing efficient logistics, we helped Forever 99 Holdings save over $1.5M dollars, accelerate their project timelines, and enhance their overall profitability.

EPOS GLOBAL SOURCING