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Force m ajeure and clauses to keep in your next contract Watch the full webinar here. Contracts are the life blood of the meeting industry. Keep Relationships in the Details One key aspect that is sometimes overlooked in the contract process is relationships. Make sure [the service charges are] written into the contract.
Contract tips to keep in mind A quarter century into the second millennium, there are several things that remain constant: humans need food, water and shelter to survive; the law of gravity is still in play; and event contracts are still a necessity between meeting professionals and hospitality venues.
It covers everything you need to know about event planning, including finding venues, building a team, negotiatingcontracts, and even measuring success after the event is over. The book covers every step of planning successful events, from choosing a venue to coordinating food, entertainment, and vendors.
Read more tips for negotiatingcontracts amid Covid. . Whether you are new to the industry, looking for career advice to find your niche or planning to shift careers in the industry using the skills you have and exploring new territory, these short videos are filled with tips and entertaining stories.
Following a 95% vote in favor of strike authorization, the two-unions negotiating committee is now authorized to call a strike at 22 casino resorts along The Strip, divided between its largest employers: MGM Resorts, Caesars Entertainment and Wynn/Encore Resorts.
And that stress only gets worse when you factor in the process of booking entertainment for your event. In this article, I’m going to cover one type of entertainment, and that is celebrity entertainment. Understand Your Budget. Define Their Role.
Hiring event entertainment can be a great way to make your event memorable, but overlooking these crucial details can cause things to completely come off the rails. Let’s take a look at how you can avoid event entertainment mishaps, what some of the more sensitive areas that can make or break an event, and how to avoid them.
However, hotel employees are only sometimes trained in AV or sound design and quotes can get muddled when negotiating what is needed and expected from the event space team. Always be sure to read contracts carefully! Meeting professionals may run the risk of dealing with hidden fees. Production companies do it all.
Read more tips for negotiatingcontracts amid Covid. . Whether you are new to the industry, looking for career advice to find your niche or planning to shift careers in the industry using the skills you have and exploring new territory, these short videos are filled with tips and entertaining stories.
First, you negotiated your way out of every contract with minimal exit fees, then for a split second you converted everything to hybrid (with no additional budget), and then transitioned from hybrid to virtual, where we thankfully stayed for a red-hot minute. Read More : How to Manage Outsize Hospitality Budget Inflation.
If you can contract far enough in advance, you can secure better rates before supply is squeezed. Negotiate with vendors and hotels for terms such as reduced management fees and service hours, things attendees can’t see and you might be able to handle internally. Like most things in life, timing makes a difference.
Project managers, accountants, designers, and so much more and while we are not lawyers we deal with a lot contracts. I have been so very fortunate to work on events that have included some big name entertainment acts over the years. Corporate Event Contracts. Everything and I mean everything, is negotiable.
The union’s members voted August 15 to walk off the job at month’s end if a new contract deal isn’t reached. Negotiating points include pay, pension reform, year-round health insurance, staffing levels and job security. The most recent threat, by Unite Here Local 1 in Chicago, could impact 30 hotels. Security Issues.
That’s because: Each element—from promotion and decoration to food and entertainment—becomes décor. Negotiate with vendors. If you have an annual event, try to negotiate a multi-year contract where you get a discount if you commit to exclusively using their business. Entertaining Your Guests.
That was the sentiment at the Beyond the Bar discussion that took place at Jimmy Kimmel’s Comedy Club during IMEX America 2024, hosted by Caesars Entertainment and OTHR Agency in partnership with CEMA (the Corporate Event Marketing Association). A sober-inclusive happy hour is an absolute must for inclusive events.
They have the power to negotiate multiple concessions. For example: If you’re negotiating a contract in 2024 for a 2027 meeting, lock in menu pricing based on current prices. For example: If you’re negotiating a contract in 2024 for a 2027 meeting, lock in menu pricing based on current prices.
What you can learn from other planners’ entertainment mistakes. At MeetingsNet's Las Vegas Corporate Invitational Destination Showcase, held April 11-13, Matthew Gucu, a 25-year-veteran of the entertainment industry, spoke to meeting planners on entertainment for events. Hint: Don’t make the broom closet your green room.
You can market the conference as an opportunity for checking out the town and its attractions, restaurants, museums and entertainment and shopping district. Your venue contract should outline such charges. Try to see if you can negotiate to get a few additional permits for your guests, especially your VIP attendees.
While some planners look for all-inclusive venues with contracted vendors on site, others prefer to find particular vendors that match their event style and message. Entertainers. Magicians, acrobats, and other performers are also entertainment vendors, with mixologists walking the line between bartending and entertaining.
There are so many moving pieces to juggle , from nailing down the budget and finding the perfect venue, to coordinating catering, entertainment, décor, and everything in between. Plus, you can explore all your options without feeling rushed, negotiate better rates, and have ample time for promoting and building excitement around the event.
Know their style and how they like to be entertained. Long ago when I ran a marketing agency, I was accustomed to contracting with a vendor for a specific use on a specific project and then negotiating with them for that particular deal, hoping they would come down in price for the promise of more business from me down the road.
Ask the event sales staff for a booking date during a time where they need extra revenue and they may be willing to negotiate a deal. The list could include audio/visual equipment, decor, alternate furniture (a work/conference setup instead of dining tables), a lounge area, booths for sponsors, entertainment, and the staff to manage it.
For example, they know how to secure permits for certain venues, negotiate with vendors for better deals, and ensure that all logistical details are accounted for. They can help you choose the perfect venue, design festive dcor, and coordinate entertainment that matches the tone of your celebration.
Tunnicliffe commented: “With increases in commodity costs and event budgets tighter than ever, winning a contract or appointing a supplier can often be only the start of a tense process of negotiation which can risk making or breaking the event supply chain.
A Destination Management Company, for example, knows the local suppliers well and are much better positioned to negotiate on your behalf. You may be surprised to know that a 3rd party planner does not necessarily mean an increase in the budget. Sometimes it’s the exact opposite.
Entertainers. Entertainers add a fun twist to your event, providing enjoyable interludes between serious discussions or a lively end to a full day of learning. Get contracts signed. A signed contract helps protect both parties and outlines expectations clearly. Now it’s time to negotiate! Moderators.
During your two- or three-night site inspection and prior to signing a contract, Wendell’s smart tip is “ negotiate, negotiate, negotiate. During these negotiations, make sure you clearly state your expectations , including an agreed upon response time from your CSM. Encourage creativity in your property.
Event planning is a fun and rewarding career, and becomes so much easier once you take the time to learn and develop your skills in negotiation, communication, budgeting (the most successful event planners do this really well) and project management. Before signing the venue contract, go and see the venue in person and meet the venue manager.
Promotion – Will marketing or promotional efforts be required Geographical radius – What region or area will you be attracting attendees from Content – What type of content fits the purpose and audience needs (speakers, presentations, entertainment, etc.)
However, as is the case when contracting with any meeting venue, think about what you are committing to before you sign the contract. Here are some questions that Grimes says planners should ask when contracting with cruise lines: • What is included and what’s extra? Try to give yourself some room to negotiate, he suggests. •
Less than three weeks ahead of the IMEX America show, 53,000 employees at properties run by Caesars Entertainment, Four Seasons, MGM, Virgin, Wynn, and others will decide on Sept. 26 their union’s course of action if contractnegotiations don’t advance. In both cities, a contract was finalized before that deadline.
It is the employees responsibility to negotiate vendor costs before contracting to ensure the client receives competitive pricing. Relationship Management: Entertaining and maintaining relationships with clients to promote retention (Repeat Projects and New Projects).
It is the employees responsibility to negotiate vendor costs before contracting to ensure the client receives competitive pricing. Relationship Management: Entertaining and maintaining relationships with clients to promote retention (Repeat Projects and New Projects).
PCMA suggests spending 55% of your budget on F&B, AV and speaker/entertainment as these items have a direct impact on the overall attendee experience. Entertainment. Grants and contracts. Negotiate speaker contracts carefully and be clear about expenses speakers can claim. Fixed and Variable Costs.
These are the secrets you need to know after the contract has been signed to ensure everything goes according to plan. These are the secrets you need to know after the contract has been signed to ensure everything goes according to plan. Can meeting planners protect themselves in contracts with a hotel in the event of a labor action?
Entertaining? Make sure you have signed contracts in place at least three months out. How does this event align with our overall corporate strategy and goals for the year? What are the 2-3 key messages we want to communicate through this event? What type of experience do we want to create for attendees? Educational?
All too often this is an afterthought which becomes difficult to negotiate once a speaker has been selected and the Scope Of Work contracted. Not limited to keynotes speakers, this extends to conference and awards hosts , after dinner speakers and entertainment, sports personalities, celebrity appearances and even influencers.
Whether deciding on the venue, entertainment, catering, or marketing strategy, knowing the budget constraints and allocations can guide decisions, ensuring that all arrangements are cohesive and within the set financial boundaries. Some prioritize marketing, while others emphasize the event’s content or entertainment.
Members of PCMA’s Catalyst community discuss when they might be able to invoke the force majeure clause in contracts for 2021 meetings. We have a 2021 contract in late April in Chicago for which we updated the force majeure clause to include COVID-19 as a specific situation that would allow us to cancel. I hope this helps!
Under this section of your list, you can add details such as research costs of rentals or negotiate a discount with vendors. Most importantly, an event theme connects the individual event components (such as décor, catering, and entertainment), thereby layering the event message into a cohesive guest event experience.
Contracts & templates. If you’re just getting started or your business is not well established, I highly recommend you do not sign vendor contracts on a client’s behalf. You can still negotiate the contract but the client should be responsible for all payments. . Sourcing and hiring entertainment.
Know how to negotiate. Once you’ve settled on a theme, you can start working on things like the decor, the menu, and the entertainment. An event program is a detailed outline of the event, including the order of events, the speakers or entertainment for each part of the event, and any other important information.
In most scenarios, involving use of presentations, music, any form of entertainment, stage shows or video recording, audiovisual assistance is almost always necessary. What are hidden costs planners should be aware of when negotiating audiovisual contracts? Should you ask how new the equipment is and negotiate on that?
In these instances, it’s important to contract with security companies (especially when there’s alcohol involved), and make sure that all entrances and exits are diligently mapped out prior to the event as well. 93% of planners and property professionals believe the negotiation process of booking an event could be improved.
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