Sr. Manager, Capital Sourcing

POSITION PURPOSE

The Capital Sourcing Lead is responsible for leading the end-to-end procurement process for all restaurant developments, including General Contractor (GC) bidding, furniture, fixtures, and kitchen equipment (FF&E). This role oversees the full Request for Proposal (RFP) lifecycle, negotiates construction and vendor contracts, and manages CapEx budgets.

ESSENTIAL DUTIES AND RESPONSIBILITIES

• Manage the sourcing and procurement of CapEx and development categories, including General Contractors, kitchen equipment, furniture, and architectural fixtures.

• Support new market expansion by sourcing materials and contractors for the refined "iconic prototype" design, ensuring build costs align with the target of approximately $1.8 million per location.

• Drive robust unit economics by protecting margins through a methodical approach to cost savings and value engineering across all construction and equipment categories.

• Review and interpret architectural plans, construction blueprints, and equipment schedules to ensure accurate bidding and scope alignment.

• Lead the competitive bidding process for General Contractors (GCs) across New Restaurant Openings (NROs) and remodel projects.

• Utilize a Universal Vendor Qualification Matrix during the Request for Information (RFI) phase to evaluate potential partners on corporate stability, portfolio versatility, integration maturity, and support infrastructure.

• Execute comprehensive financial modeling utilizing a Total Cost of Ownership (TCO) approach that evaluates acquisition, operating, maintenance, and indirect costs against residual value.

• Select final vendors using a standardized weighted scoring matrix, prioritizing Technical/Functional Fit (40%) and Total Cost of Ownership (25%).

• Negotiate construction contracts, manage change orders, and track project-level CapEx budgets.

• Establish and enforce Service Level Agreements (SLAs) with binding performance standards, including target uptime, resolution times, and liquidated damages for non-compliance.

• Ensure all procured physical goods and systems meet mandatory environmental durability standards (e.g., thermal management, IP ratings) and ADA accessibility requirements.

• Design and manage a structured vendor performance review program, including scorecards, KPIs, and regular business reviews.

• Mandate that all third-party vendors adhere to industry-standard security frameworks, including mandatory data encryption and Multi-Factor Authentication (MFA) for administrative interfaces.

• Maintain accurate records of purchase orders, contracts, pricing agreements, and vendor documentation.

QUALIFICATIONS – EDUCATION, EXPERIENCE, LICENSE/CERTIFICATIONS

• Bachelor’s degree in business, Supply Chain, Finance, Construction Management, or a related field preferred.

• 7-10+ years of progressive procurement, purchasing, or supply chain experience, focusing heavily on construction, Capex, and development within the restaurant, retail, or hospitality industry.

• Proven experience leading hard bids with General Contractors and interpreting architectural blueprints.

• Possess and maintain a valid driver’s license and able to travel for:

  • Vendor meetings at their facilities – vendor shows
  • Pre/post construction walk throughs
  • Travel with facilities and broker facilities when necessary!
  • Review and assess restaurant products, samples, and observe live product demonstrations

• CPSM, CPP, or equivalent procurement certification a plus.