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Whether on the world stage or within our own industry, negotiations are everywhereand their outcomes matter more than ever. In a time marked by geopolitical tension, fragile supply chains, and economic uncertainty, the ability to negotiate effectively isnt just a business skillits a survival tool.
Avoid pitfalls and protect your eventContracts are the lifeblood and backbone of the meetings industry. Negotiatingcontracts is the first step before confirming speakers, color themes or catering options. Warner also suggests adding a frustration of purpose clause if the reason the event was planned is no longer viable.
The real magic lies in negotiating SaaS contracts. With the right skillset and a clear understanding of your organization’s needs, you can emerge from the negotiation process with a contract that drives significant value and savings. Patience and persistence are key virtues in the negotiation process.
But entering a new relationship with a hotel usually comes with a detailed contract of agreements and stipulations. State of the Market Based on the current state of the market, Payne has seen a shift occur due to the events that transpired during Covid-19. Negotiate the Details Prepare for pushback on all fronts, Payne advised. “I
Crafting the right attrition and cancellation clauses in eventcontracts is more important than ever. Contract experts share their advice on how best to negotiate in the current climate. Being a smart negotiator […].
Creating experiences, setting the stage for networking opportunities, and fostering connections among colleagues and association members are what the meetings and events world is all about. Tips for Negotiating Your Next Big EventContract Cheryl M. In short, think big. Time to Adopt a Barrister Pricing Model?
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.
We recently convened a roundtable of senior-level conference organizers to discuss risk tolerance and the forces that are shaping their 2021/22 event strategies and decisions. Everyone agrees that planning hybrid events takes significantly more time, money and effort. Contract concerns. Member considerations and communications.
“When you work in consulting, nobody likes you,” Alison Fragale begins the latest Smart Meetings webinar, “ How to Harness the Power of Negotiation to Master Your Post-Covid Events Career.”. Negotiation is a science and an art,” Fragale says. When people think of negotiators, they often think of very masculine things.
However, leaving audio visual (AV) equipment services to the end could be a costly mistake, especially when negotiating these services with a hotel. Many hotel contracts mandate use of an in-house AV provider and contain clauses prohibiting use of other vendors or charge for the privilege of using the planner’s preferred vendor.
Negotiation coach Alex Carter will lead two PCMA Business School sessions during Convening Leaders 2025, on Jan. Negotiation coach Alex Carter starts off her April 2024 TEDx talk, “How to Ask for More — and Get It,” by saying the most important things she knows about negotiation she learned in a kayak.
HOW ARE YOU BRINGING AI TO THE EVENT INDUSTRY? AI is becoming an essential tool in creating production design for large scale events. HOW SHOULD EVENT MARKETERS BE LOOKING AT PRODUCTION BUDGETS IN 2025? HOW SHOULD EVENT MARKETERS BE LOOKING AT PRODUCTION BUDGETS IN 2025? BIGGEST EVENT TECH MISTAKES YOU STILL SEE?
Having the right negotiating strategy will save time and money. Skift Take: Don’t be fooled by generic concessions and terms offered by hotels. Refugio Garcia Read the Complete Story On Skift Meetings
Many plan both internal and customer events, incentive trips and sales meetings. Learn More: From Checkboxes to Strategy: Implementing and Leading Sustainable Event Practices Topics included AI adoption, succession planning, contractnegotiations, neurodiversity affordances, transportation management and sustainable sourcing.
Post-Covid Contract Solutions.”. We’ll delve into a condensed review to address what and what not to include in your venue contract, as well as negotiation tactics and what can potentially trigger a force majeure. Local laws can impact your contract and your options for termination, recovery and liability, Sheaks explained.
That often means seeking out third-party agencies and independent planners to attain their goals and create a stellar event. Not only do we do contractnegotiations, site inspections and sourcing, but then we help planners with all of the logistics from start to finish.” To watch the full webinar, click here.
If you thought eventcontracts were tricky before the pandemic, buckle up for even more complications. In 2020, executing the force majeure clause in a contract was fairly straightforward. Performing the activities stipulated in the contract had been made impracticable. A lot of contracts don’t specify that.
Events take a village. Lenovo Tech World is the global technology company’s annual event, and as events at this level go, it’s an enormous undertaking for the planners organizing it. There were opportunities for us to buy out different destinations and evening event venues that we might not have had access to in a larger city.”
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 eventcontracts are still a necessity between meeting professionals and hospitality venues.
With that in mind, I decided to search Amazon for event planning and management books with at least 100 reviews and a rating of 4 stars or higher. If youve ever done a similar search and felt a bit overwhelmed by all the choices, heres a list of the top six event planning books on Amazon with more than 125 reviews and ratings of at least 4.2
Professor Tyra Warner on the latest risk factors in this uncertain year From force majeure to data protection, meeting professionals are trying to cover the unexpected in contracts during what could be a tumultuous year for business and the economy. in hospitality. Warner advises caution.
It wasn’t long ago that force majeure was commonly perceived as insignificant boilerplate language added to the end of an eventcontract. Court of Appeals verdict, a new precedent for eventcontracts may have been set, as MeetingsNet reports. Now four years later, in the wake of a U.S.
I hope you’re all caught up on Succession because it’s time to talk negotiations. It’s no secret that your relationships with vendors and suppliers are vital to the success of your events, but it can be intimidating to approach building these relationships. It all starts with negotiations. Do your homework.
When the creative brief from your initial event strategy session calls for brand and reputational impact, how do you measure if you are successful? Read more tips for negotiatingcontracts amid Covid. . Event planners don’t always have time to go to a class or read a book. Contract and Negotiation Tips.
Corporate event planning is notoriously labor-intensive, with planners often reinventing the wheel for each new event. Yet, putting on a seamless, branded event experience is essential for driving sales, cultivating relationships, and elevating your company’s profile. What is Corporate Event Planning? The good news?
This is the third in a series of blogs posts, written collaboratively by our team, which uncover lessons learned in advising dozens of our clients on their events in the time of COVID-19. Many conference organizers want to change their exhibit contract language or attendee cancellation policies to avoid future losses. Remove Barriers.
Smart Meetings Why are these discussions and resources about inclusion and accessibility in the meeting and events industry meaningful? Sophia Hyder Hock Fostering dialogue around inclusion and accessibility is meaningful as business events drive professional growth and knowledge-sharing and create significant economic impact.
With ongoing concerns related to Covid variants, a number of businesses and events are re-evaluating whether to postpone or cancel despite the relative loosening of federal, state and local restrictions. So, what happens when there aren’t specific government restrictions to trigger a force majeure event to postpone or terminate an event?
Now, the question is how to build contracts moving forward. Phoenix-based hotel attorney Lisa Devlin sat down for some rapid-fire questions about what is and isn’t working today and offered her prescription for a win-win solution to trading contract clauses. Read More : A Breakdown of Post-Pandemic Contract Clauses.
A Guide for Event Profs in the Age of Rising Costs Welcome to 2024, where contractnegotiations continue to be a critical but dreaded aspect of event planning. In this day and age, negotiation skills are even more essential as event professionals strive to deliver memorable experiences while staying on budget.
. #1 2028 is Poised to Spur a Significant Market Shift With the demand for meeting space continuing to soar, event planners are increasingly feeling the pressure to lock in venues ASAP. Hotels will likely give less room for discounts or concessions, and early contractnegotiations will be crucial to locking in favorable rates.
Event planners and event managers have all been through a steep learning curve to master the art of creating successful event experiences. From managing event timelines to event budgeting, event profs have a lot on their plates. Pre-Event Setup & Site Visit. Housing & Room Blocks.
Meeting planners are responsible for the success of corporate events, conferences, and incentive programs. Unexpected cancellations, attendance fluctuations, and travel restrictions have made rigid contracts a dealbreaker. Reliable internet, A/V capabilities, and streaming options are non-negotiable.
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. We’re continuing to monitor the situation and will share updates as appropriate.”
Skift Take: Hotel fees buried deep in your contract or on your hotels web site can add 30-40% to the cost of your meeting. Heres how to negotiate them down. Barbara Scofidio Read the Complete Story On Skift Meetings
Master planner consultants offer 6 tips for negotiating your next corporate event Does this sound familiar? You have been tasked with producing a new event—or breathing new life into one that has been on rinse and repeat too long. What questions should you ask during sourcing to avoid surprises post-event?
The International Brotherhood of Teamsters which represents 340,000 UPS workers considering a strike, walked away from the negotiating table with the company this week, starting a countdown to July 31 when the union vows to strike. July 31st at midnight, if we don’t have a contract, we’re not working without another contract.”
Business event planner respondents to Convene s 31st Annual Meetings Market Survey shared their biggest work challenges in open-ended responses, which fell into similar categories as the 2023 responses, but with budget woes taking the lead. Event logistics last-minute registrations continue to add to the pressure of executing events.
On the heels of multiple studies showing that event professionals are increasingly being asked to do more with less, Smart Meetings asked a veteran planner for tips on how to create “wow” on a budget. Contracting. Consider multi-year contracts: Finding new venues every year can be time consuming for all parties involved.
It can also be effectively used by meeting and event teams of all sized to deliver better end products. A 7-Step Process A true process will go beyond RFP sourcing and site selection, contracting and negotiations. The choices made here ripple through to create a more responsible and sustainable event industry.
Smart Meetings Extraordinary Experience focused on setting and reaching event goals When some of the most productive meeting professionals in the world meet in majestic The Westin La Paloma Resort & Spa in Tucson for three days of education, inspiration and networking, the experience has to be over the top. “We
Events take a village. Lenovo Tech World is the global technology company’s annual event, and as events at this level go, it’s an enormous undertaking for the planners organizing it. There were opportunities for us to buy out different destinations and evening event venues that we might not have had access to in a larger city.”
Many plan both internal and customer events, incentive trips and sales meetings. Learn More: From Checkboxes to Strategy: Implementing and Leading Sustainable Event Practices Topics included AI adoption, succession planning, contractnegotiations, neurodiversity affordances, transportation management and sustainable sourcing.
Negotiation experts share tips for building win-win eventcontracts The ROI is in the details when drafting a vendor contract. Contract Creation OK, you have an agreement in principle, but who should draft this all-important language. A hotel’s contract is created to protect the hotel,” she said.
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