A familiar problem for whoever builds the event budget

With a team building budget for 50 to 100 people, the gap between the initial estimate and actual spending is usually much bigger than for a small group, simply because every extra cost is multiplied by headcount. Knowing the easily missed items from the start helps the figure you submit to the board reflect reality more closely.

Each time a team building budget goes to the board for approval, the person in charge of the event runs into the same problem: the initial figure is always lower than what ends up being spent. It isn't a miscalculation. It's that a few items are missing from the organizer's initial quote.

Five items to include in the budget table

The first is venue cost, usually quoted most clearly and so rarely missed. The second is food, calculated per head and often varying quite a lot with the menu. The third is the main activity, for example kart rental, game equipment or an MC. The fourth, the one most often missed, is a contingency for surprises, especially for outdoor events that need a weather backup plan. The fifth is transport, including shuttles or parking fees for the whole group at the venue.

Why 50-100 people is the size to calculate carefully

For groups under 30, the budget gap is usually negligible. But for a group of 50-100, a small extra cost per head multiplies into a big number. For example, parking at VND 50,000 per motorbike multiplied by 80 staff is already VND 4 million of unplanned cost, not counting the shuttle if the venue is far from the center.

How an all-inclusive package simplifies budgeting

This is why many HR teams switch to all-inclusive packages instead of pulling together each item themselves. The Team Building & Year-End Party package at Infinity Racing is one example: the reference investment of VND 70-100 million already covers kart racing, food and on-site entertainment in one quote. Because the venue sits inside Vincom Thao Dien, the group doesn't need to rent separate parking or a shuttle, two items that are often missed in the initial estimate for venues outside the center.

A quick estimate for the first approval

When you don't yet have a detailed quote, a quick way to estimate is to divide the package price by the number of participants. With the VND 70-100 million package for a group of about 100, the average comes to VND 700,000 to 1,000,000 per person (roughly US$27-38), covering both activity and food. That figure gives whoever builds the budget a basis for a quick comparison against other options before requesting an official quote.

An example of allocating the budget by percentage

For an all-inclusive package of VND 80 million for a group of 100, a reference allocation usually runs roughly: 40-45% for the main activity such as kart racing, 30-35% for food, 10-15% for on-site entertainment and decoration, and the remaining 10% or so set aside as a contingency for extras. These proportions can change depending on the main activity the company chooses, but having a ready framework helps whoever builds the budget compare when receiving quotes from different organizers.

A common mistake is putting too much budget into premium dining while cutting the main activity, resulting in a tasty dinner that lacks a highlight for people to remember afterward. Conversely, putting everything into the activity and cutting food also unbalances the whole experience. Keeping the two items reasonably balanced, instead of tilting heavily to one side, usually gives more satisfying results in staff surveys after the event.

Related article for a company building a year-end budget

This article focuses on how to work out a team building budget for 50-100 people item by item. If your company is organizing right at year end and wants to know more about seasonal costs that tend to appear unexpectedly, you can also look at year-end team building budget: how to avoid surprise costs for a complementary view.

What matters more than the total figure

A team building budget is about more than choosing the lowest price. It is a matter of choosing the option with the fewest surprises. A package priced 10-15% higher but with no extras during the event is usually safer for whoever builds the budget than a low-priced one that reveals many uncounted items from the start.

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