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But entering a new relationship with a hotel usually comes with a detailed contract of agreements and stipulations. year period of time have shifted into the future years causing a significant demand and compression issue when contracting with hotels,” Payne said. Smart Meetings chatted with Cheryl M.
“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. We’re more afraid of advocating for ourselves, negotiating for ourselves,” she says. “We’re
Contract concerns. In an effort to reduce and manage risks, venues and planners are adopting new contract clauses. No question, negotiatingcontracts is going to get more complicated as the industry rebounds. What contract concerns are you running up against? Member Considerations and Communications.
If I was to see a repeating mistake, is that event marketers and organizers are not asking valid questions when negotiating their venue contracts. Somewhere along the line they were told they couldn’t ask questions. They absolutely can. What does exclusive mean? What departments does that cover?
Read more: Helpful Budget Tips for Event Planners in a Post-Covid World Working with Third-Party Agencies Many third parties provide sourcing only, meaning they will find the destination, and other will assist in sourcing as well as contractnegotiations.
Gaudini, who has worked for major companies like Google and Amazon Web Services, shares her insights through practical advice and personal stories, making the book both informative and enjoyable. At just 204 pages, its packed with helpful information without being overwhelming.
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.
I hope you’re all caught up on Succession because it’s time to talk negotiations. It all starts with negotiations. Successful negotiations begin with research. A great way to gather information on potential vendors and suppliers is to go to their existing customers. And lucky for you, we’re here to help!
For planners, concepts that can be built into their Business Events Strategy shift them from reactive to proactive and start conversations (and in some cases concessions) around these important attendee experience elements early in the process rather than as an afterthought post-contracting.
Webinars These online seminars or presentations allow companies to share expertise, product information, and thought leadership with audiences globally. Negotiating with vendors and adhering to their policies 5. To make an informed decision, we recommend conducting a comprehensive needs assessment with all relevant stakeholders.
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.
Contract Lessons Lisa Sommer Devlin When the focus of the event is finding new places to bring events, kicking off with a lesson in what to include—and leave out—of contract clauses is always a good idea. Plus, personally identifiable information is covered by civil liability laws and guest expectations.
Master planner consultants offer 6 tips for negotiating your next corporate event Does this sound familiar? How can you word the hotel contract to protect your company? “You Include enough information in your RFP to show the value of your program to perspective hotels. What should you include in the RFP?
Contracting. Consider multi-year contracts: Finding new venues every year can be time consuming for all parties involved. Most properties will negotiate for a lower price if they can lock in the business for two or three years. Convention and Visitors Bureaus are a great resource for gathering information about a destination.
The fine print for negotiating win-win agreements. Contracts are legally binding agreements between two parties that help ensure services are performed, eliminate miscommunication and spell out options in the event of a disagreement. Following are her tips for mastering contracts. Critical Contract Clauses.
Whether the playing field is national politics, a Southern California crime scene or a hotel contractnegotiation, leading with love, empathy and respect is the fast track to building relationships across what might otherwise feel like unfathomable divides, according to keynote Corporal Ryan Tillman.
Today’s cybercriminal only needs one piece of information to wreak havoc with meeting planners - an email password. Ever been hit with fees for using an outside partner after you have signed a contract? Not sure how to contract for WiFi service? Disclose and Contract Early. Do I Have to Pay for Rigging?
Negotiation experts share tips for building win-win event contracts The ROI is in the details when drafting a vendor contract. A win-win contract allows everyone to feel that their biggest risks are covered and they can partner in good faith to execute confidently while working creatively to deliver the best event possible.
A Renewed Group Focus “Just hold the contracted meetings that are on the books and minimize the cancellations that have occurred in prior years due to the pandemic, economic uncertainty and a general reluctance to hold in-person meetings,” said Dan Piotrowski, senior vice president of operations for Omni Hotels. “If
I will break down the best ways to save money in an event AV contract without compromising your event. Through the extremely valuable web session conducted by Jon Trask, I will break down some key savings opportunities in an event AV contract. Many times event av contracts bill by hours or days. Duration of Equipment Rental.
A lawyer with 25 years of experience in hotel and group contracts, she doesn’t mince words when it comes to planners needing to take the steps necessary to handle any complications that might arise. In these cases, Delvin said, it all comes down to making sure the contract covers every eventuality. “A Lisa Sommer Devlin. Legal Risks.
The Meetings Industry Association (mia) has launched guidance to the sector to assist contractnegotiations and to help mitigate the impact of COVID-19 on trade. Following the debate, the mia promised to create a set of recommendations to help steer considerations and decisions for venues across the UK.
Create a comparison grid To make an informed decision on the best event platform for your business, create a comparison grid. By this stage, you’ve invested the necessary time and effort to make informed decisions. Summary Finding the best event platform for your business is essential, but that doesn’t mean it’s easy.
Samantha Jordan, a futurist and consultant with Future Today Institute, led a discussion with industry leaders and explained that companies, including major retailers, are already using the tool to negotiatecontracts.
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. Why do I choose Google Sheets over a purpose-built software program?
Today’s cybercriminal only needs one piece of information to wreak havoc with meeting planners - an email password. Meeting planners connect keynote speakers with clients and negotiate the deals and contracts, relieving a ton of administrative burdens off both parties, but as a result, oftentimes have access to sensitive information.
The most common mistake Howe sees planners make is that they don’t read their contracts. Contracts are self-inflicted wounds,” he says. You have no rights or responsibilities unless they are in the contract.” Keep yourself—and your suppliers—informed,” he says. Do Your Homework.
As pandemic conditions continue to change, do you feel that you must wade through wave after wave of information to seek answers and solutions to plan safe live events? These tools, updated in real-time, provide the information you need as you evaluate potential locations for your event. Selecting an event venue.
She gathered all the available dates for all the venues, reviewed contracts, and reached out to our vendors. Fidan was able to help us by decreasing our overall stress by contacting our vendors and getting all necessary information, she was able to negotiate for us, review all the contracts, and so much more.
The customizable registration and customer support that eventcore provides is non-negotiable in large events. The company released version two of a bookable meeting space tool in collaboration with VenueBook , making communication, information and contracting easier on the event planner. Seeking Global Expansion.
Vague contracts and proposals: Lack of specific details and clear boundaries leaves room for client interpretation. Heres how to do it: Crystal-clear contracts and proposals Your contract and initial proposal serve as the foundational pillars in your fight against event scope creep.
There’s a lot of information out there about how to better your career as a meeting professional. Harness the Power of Negotiation to Master Your Post-Covid Events Career. Negotiation is an essential skill in business, meetings and life. Summary: Harness the Power of Negotiation for Post-Covid Success ).
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.
Asking potential attendees in advance can help inform the sourcing process and lead to better outcomes. If you can contract far enough in advance, you can secure better rates before supply is squeezed. This reduces travel, housing and F&B costs. DMC experts shared tips for containing costs without skimping on the program.
During the event, subject matter experts share information on a specific topic with attendees. This kind of conference often features multiple speakers, who each present information on related topics. Like seminars, workshops are usually small, informal gatherings led by subject matter experts. Stay tuned.
If you or your organization require expert assistance, you should contract the services of a professional. Key Takeaways: Be a fully informed planner: read the entire contract, ask questions, and hire a hospitality attorney if you need assistance in reviewing, negotiating, or renegotiating a contract.
Whoever has the best information, make sure that you involve them as much as possible,” she says. Due to the cycle of the market, business conditions for hotels are currently favorable, leading to tougher negotiations and competition for planners in the next few years. Communicate Often. Make sure you are communicating.”.
“I have never read a book about event planning specifically, but I found Getting to Yes: Negotiating Agreement Without Giving In by Fisher, Roger, Ury, William L., Patton, Bruce, to be very helpful when it came to negotiatingcontracts,” shares Maxine Viktor with Prismatic Event Planning and Public Relations.
It was deemed “better than nothing,” but if used, it was suggested that this option should accompany a clause in the contract that allows an in-person site inspection at a future date. Based on the in-person site inspection, that clause should allow meetings professionals the option to cancel the contract without penalty.
Amid the labor shortage plaguing hotels, it's critical for planners and suppliers to communicate early and honestly, conduct fair negotiations, and—in case circumstances go awry—put everything in writing, according to meeting buyers, hoteliers, and the attorneys who represent each of them. Grimes, Esq., of Grimes Law Offices in Philadelphia.
Problem clauses to consider fixing or downright excluding Sometimes, in an attempt to cover all of our bases by including every conceivable contract clause, we trap ourselves in the outfield with confusing and unenforceable language that leads only to lawsuits and court cases. Lowest Rate Every contract is a futures agreement.
Meeting Planners need to make an informed decision based on what each venue has to offer in terms of accommodations, location, pricing and availability. 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.
president of Philadelphia-based Grimes Law Offices, LLC, says that it’s commonly written into meeting contracts that either party has 10 days after a natural disaster or other “act of God” incident to invoke force majeure and cancel an event. But most contracts these days are the result of compromise.” Joshua Grimes, Esq.,
Industry experts bring the latest trends and insights, helping your team stay competitive and informed. This is a handy tool for gathering information about your speakers. Get contracts signed. A signed contract helps protect both parties and outlines expectations clearly. Send an information pack. Confirm booking.
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