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Riskmanagement is a dedicated preparedness rather than simply a mental exercise, according to Lisa Sommer Devlin, the most recent Smart Meetings webinar host. In her talk, “RiskManagement 101,” she outlined strategies for dealing with the risks of the industry, as well as how to actively avoid them. Legal Risks.
Why should meeting professionals address risk? When it comes to riskmanagement , there are two questions Coffey likes to pose to meetings planners: If an emergency were to occur during one of your meetings, do you think your client would expect you to know what to do or at least have an organized course of basic action?
4, which covered the basics of the event life cycle, from creating the event and RFP templating to contracting and asking suppliers the right questions. EST and will cover the intricacies of the contracting phase to managing a live event. Read More : Sustainable Hotel Certification, Explained. “As 25 at 11 a.m.
What to watch For Contracts don’t sound exciting. But if you look at them another way, event contracts are a dynamic landscape that can either serve as a solid foundation for your event, or a swampy marsh full of lurking danger! Lots of legal language, tons of details—essentially, a heavy lift. Be an early bird.
event contract. Foster, CHME, an attorney with Foster, Jensen & Gulley , for an exclusive Q&A on event contract essentials in the Covid era. Listen to “Event Contract Essentials in the Covid Era” on demand. Meeting professionals today are riskmanagers. The good news is that vaccines are here. Key Clauses.
With the pandemic and public concern fluctuating in the midst of uncertainty, event planners and professionals are left with an enormous responsibility to prepare themselves, their guests and their contracts for whatever comes next. Event Contract Essentials in the Covid Era. Event Contract Essentials in the Covid Era.
2022 contracting will require going back to basics. Contracting in the current Covid climate, however, is complex—everything feels unsettled, so it’s hard to know how to plan. Anyone who has written a contract in the COVID era has learned one thing—patience! How do we navigate this ever-changing environment?
Effective procurement strategies not only ensure that companies get the best value for their money but also play a role in riskmanagement, innovation and corporate social responsibility. A 7-Step Process A true process will go beyond RFP sourcing and site selection, contracting and negotiations.
“Do you think masks/no masks, vaccines/non-vaxed will or should be an addendum on contracts with venues? Do you think masks/no masks, vaccines/non-vaxxed will or should be an addendum on contracts with venues? Or is it location based, and a mutual understanding between venue and planner?” was an early question. While Attorney John S.
The preview of best practices turned into a vigorous question-and-answer session covering everything from food and beverage to contracts, to roles and responsibilities. MD: We’re at a crossroads because everything is changing quickly, and the reality is different in different areas of the country and different types of hotels.
Effective procurement strategies not only ensure that companies get the best value for their money but also play a role in riskmanagement, innovation and corporate social responsibility. A 7-Step Process A true process will go beyond RFP sourcing and site selection, contracting and negotiations.
Event planners are no strangers to airport terminals and hotel check-ins. Most of their time on the road will be spent in hotel rooms, airports and attending to business-related obligations. Since event planners are always tasked with managing a million moving parts, their brains are definitely getting a workout.
Blanca Ferreris, CMP, CMM, works in Woodhaven, New York, as a s enior business events manager at RIMS, RiskManagement Society. What I do: I am responsible for contracting more than 75 hotel agreements per year. I manage our exhibitor housing and hospitality processes (more than 31,000 peak room nights).
This component includes everything – right from hotels, motels, hostels or any other setup which can provide sleeping rooms to the attendees. When it comes to food and beverages, the restaurant, hotel or the independent caterer, each one of these falls into this category. . Are there various hotels around this particular place?
Better contract negotiations. We have implemented a risk-management manual to our events and we have purchased more event insurance for better protection. Increase in what we budget for food and beverage, and managing other costs more closely. Started implementing a strategic meetings management program.• . •
Create a riskmanagement assessment prior to the event, along with a protocol and policy for handling emergency situations. Once the riskmanagement assessment and emergency protocol is set , share it among all members of your team. This applies to all venues, whether it’s an aquarium or high-rise hotel or a tent.”
Negotiation is more essential than ever for achieving cost savings, and planners should work closely with partners — including DMCs, hotels, speaker bureaus, and food and beverage vendors — to identify creative opportunities for doing more with less. A collaborative approach will always benefit you in all aspects, including managing costs.”.
These steps from communication, legal, and riskmanagement professionals will help you lay the groundwork for reaching out to your attendees and preparing information before an event so that you won’t be left scrambling during one. In 2008, a terror group attacked a hotel in Mumbai and held hostages for three days.
Dominguez points out that the average length of stay at an Airbnb property is seven days, meaning that an Airbnb user isn’t a typical hotel guest. There are also, however, duty of care concerns that must be considered when attendees are booking on Airbnb rather than at a contractedhotel.
The conversation turned into a vigorous question-and-answer session, covering everything from food and beverage to contracts and roles and responsibilities. MD : We’re at a crossroads because everything is changing quickly, and the reality is different in different areas of the country and different types of hotels. Amy Calvert.
Of the 27 competencies listed in CIC’s handbook, it could be site inspection, contract negotiation, promotions, and publicity. They have to be able to manage a contract,” he said, “depending on the kind of meeting they’re having.”. The day of an event they need risk-management skills,” he said.
Downtown was not at all affected, so none of our downtown attractions or downtown hotels were affected. We don’t think that it’s going to be a major amount of business at this time, but the hotels that have meeting space and conference space — the downtown hotels — have been spared. We’re doing fine.
Now, imagine showing up to the event, hearing that most speakers backed out after not getting paid, and then being asked to help cover the costs of the event’s outstanding hotel bill of $17,000. Event budgets also act as a riskmanagement tool.
“Sanitation and health security will be permanently more important riskmanagement strategies,” said FICP Executive Director Steve Bova, CAE. In addition to new riskmanagement strategies, future destination selections and program characteristics and activities are also anticipated to shift as a result of the pandemic.
. “I always tell them that coming up with the contract language is easy,” Hilliard said. I have been pretty impressed that many hotels have been willing to accept it. ” Hilliard provided Convene with suggested contract language below. “Getting the other party to agree to it is the hard part. ”
In fact, he says, the only widely adopted change he has seen is that meeting planners tend to include a clause in contracts that says they can cancel events because of terrorist acts. Put in a clause about the hotel providing an emergency evacuation plan or a security liaison,” he says. Tell the hotel? It starts with location.
The Philadelphia Marriott Downtown’s decision to host the Moms for Liberty national convention has lawmakers asking questions, and raises important riskmanagement issues for meeting professionals to consider. In their letter, the lawmakers urged the hotel to reconsider hosting the event and posed three questions: 1.
Hotels were a recurring topic, as planners noted a decrease in the ability to negotiate contracts, along with pressures associated with lowered commissions and increased competition for space. Contracts and dealing with our volunteers. Escalating rates — hotel, food and beverage, transportation. Hotel greed.
Analyse your current riskmanagement strategy, taking into account all internal and external threats, such as APTs, connection breakage, etc. These legal contracts will help you regulate the following aspects: Identification of the parties involved. Update recovery time objectives.
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