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6 Strategies for Large Event Contract Negotiations

SmartMeetings

While some event professionals may gleefully embrace the prospect of negotiating contracts for large events, many would rather run for the hills. This will help you understand how the vendor will enhance your event, and what additional items you may need to negotiate. Remember…everything is negotiable! Obtain multiple bids.

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So Many Venues, So Little Time!

Coterie Spark

There are tough questions to ask and even harder negotiations needed to be sure you get everything you expect. Don’t assume you’re getting everything you need—let a professional help you get it in writing.

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3 Common Misconceptions About Event Planners

Master the Event

While I wasn’t surprised (much of the feedback was very similar to my own family members) the exercise did make me realize that there are a lot of people out there that do not have a clue what an event planner really does in their day-to-day work life. Again, if only. I’m sure I had a perplexed look on my face when I was told that.

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What Did You Do Differently Last Year?

PCMA Convene

Better contract negotiations. Budget control is being exercised [two mentions]. • Increase in what we budget for food and beverage, and managing other costs more closely. What changes — positive or negative — have you made to your meeting over the last year because of the economy? Cut back on meeting frequency. •

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5 New Year’s Resolutions for Meeting Planners

SmartMeetings

Take a few minutes to enroll in free event planning webinars that can teach you the finer points of contract negotiation, event technology and more. Virtual reality, live video, data-powered event analytics, flexible indoor-outdoor event spaces and experimental food and beverage options are all trends that planners should keep an eye on.

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The Strategic Meetings Management Guide 2023

Stova

breakout sessions, leadership exercises, etc.) This is a bit of a joke, but they may very well have expectations regarding food and beverage that you may be unaware of unless you ask. Negotiate favorable rates with offsite venues and vendors. Do Things Differently Cater impressive snacks or host a special food bar.

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9 Proven Steps for Planning Successful Events

Planning Pod

For each budget line item, you should account for the following: Estimated amount (how much you want to spend) Negotiated amount (the agreed upon price with your supplier) Actual amount (invoiced amount) Amount paid to date Amount still owed Payment due dates w/ amounts due. First the venue.