Originally Posted by
morelegroom
Fascinating
When I was a state employee we were required to do the exact opposite. We bought the lowest fare and the University put 15% into an imprest fund for paying for changes and cancellations. Our auditors had determined that it was much cheaper than buying refundable tickets. In fairness we did little spur of the moment travel.
The difference is my costs are passed on to a client. If I bought something and had to cancel and that money was lost my boss has to pay from company funds and that money isn't refunded by anyone.
If I by refundable, they add 15% and charge the client
win/win for my company and zero risk