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Two Tensions Keeping Senior Event Professionals Up at Night

Velvet Chainsaw

The big three include food & beverage, A/V + production and speakers/entertainment. In addition to negotiating and locking in pricing, some of the tactics to consider are: Decreasing the event length by a couple hours or half-day. Any cut-backs made in these categories can negatively impact your attendee value proposition.

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20 Ways to Keep Costs Down At Your Next Food and Beverage Event

Brown Paper Tickets

A cost-effective food and beverage event takes hard work, attention to detail and careful planning, but it can be done. Act extra nice when negotiating costs and dealing with service providers. Choose reasonably priced beverages. The beverage industry is packed with affordable, high-quality beverage options.

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Waste Not, Want Not: Donate Food After Your Event or Party

The Castle Group

However, nothing compares to food waste. Research from the Lime Venue portfolio shows that “the average event wastes between 15% and 20% of the food it produces.” There are multiple ways to reduce food waste when planning an event. Despite better estimating, food waste is still likely. What is food donation?

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Helpful Budget Tips for Event Planners in a Post-Covid World

Smart Meetings

Room rentals used to be something that you would have to pay if you had a really low food and beverage minimum or if you were coming in within like 60 or 30 days at a hotel,” Pilcher reflected, “Now, you’re coming in and saying, ‘I’m bringing a thousand people to your hotel. “The Also, negotiate gracefully.

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Contract Clauses Planners Need in 2024

Smart Meetings

Gratuities Minimums for food and beverage. Read More: Top Legal Issues Meeting Profs Should Be Aware of in 2023 What To Leave Out Cohen has a few suggestions for the things you leave on the negotiation room floor of your contract: Your own personal liability for any issues caused by a guest, such as room damage, and noise complaints.

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Money Talks: Defining an Event Budget

TicketBud

This enables organizers to devise backup plans, forge partnerships, and negotiate favorable deals with vendors to ensure that the event stays on track throughout planning and execution. An early start means more time to shop around for bargains, establish partnerships and negotiate with vendors.

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The Art of Room Blocks

SmartMeetings

For example, does everyone sign up with enough advance notice to meet the hotel’s deadline? As soon as you know meeting registration is not meeting original forecasts: Negotiate with the hotel to release back some meeting space (if possible). Just follow the formula, right? Set up the contract to allow for a post-meeting audit.