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Venue Contracts for AV, Electric, and Internet: Read the Fine Print

MeetingsNet

Planners: Do not sign venue contracts for event production, electrical services, internet access, and support services until you read the full document—especially if you are bringing in an outside audiovisual company for the event, which usually results in extra conditions and raises prices for certain elements.

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Negotiating Hotel Contracts

Brightspot Incentive Events

When negotiating hotel contracts, it is fair to say things have changed. 5 Key Tips for Negotiating Hotel Contracts. A hotel partner recently shared that you should be ready to sign a hotel contract tomorrow when you begin your sourcing process. There are new rules, clauses, and regulations to be mindful of. Be Detailed Upfront.

MICE professionals

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Tips for Difficult Conversations from FICP22

Smart Meetings

In fact, if approached with thoughtfulness and preparation, those interactions could lead to the meeting professionals taking a rightful place as strategic advisors. We are basically project managers, but unlike technology projects, you can’t move the deadline and unlike before 2020, you can’t let contracts sit.”. By the Numbers.

Insurance 245
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Evolution of the DMC: Renewing Business Relationships with Deeper Trust, Transparency and Understanding

ADMEI

Common threads in both the survey and the roundtables for many were the need to change the proposal process, incorporate a Letter of Engagement to protect both the planner and DMC prior to executing a contract, and improve site inspection policies. PROPOSAL PROCESS. LETTER OF ENGAGEMENT (or LETTER OF INTENT).

Proposal 184
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Evolution of DMCs: Deeper Trust, Transparency and Understanding

Smart Meetings

Common threads in both the survey and the roundtables were the need to change the proposal process, incorporate a Letter of Engagement to protect the planner and DMC prior to executing a contract, and improve site inspection policies. Proposal Process. The letter also sets a time frame for progressing to a contract.

Proposal 162
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CWT Study: Business Travel Costs Are Still Going Up, Slightly

Smart Meetings

Approaching Planning Differently With all this, CWT presents buying strategies heading into 2024 that may help planners prepare for increased business travel prices. Aggregate travel spend to increase the value of regular contract proposals. Shift to long-term planning. Consolidate and compromise.

Travel 246
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The Ultimate Event Venue Sourcing Guide

Bizzaboo

Step 3: Write a Request for Proposal (RFP) Desperate to get your dream spot for your event? It’s time to craft an engaging request for proposal (RFP). Budget: Provide a budget range or limitations to ensure the venue’s proposals are within your financial parameters. About 42.6% About 42.6%

Venue 52