Hotel contract risk reduction and cost containment have become an important metric in the Strategic Meetings Management (SMM) landscape. In this interactive workshop, we will address industry issues and trends that impact planner / hotelier negotiations, including specific methods to validate and report contract risk mitigation. Additionally, we will review key hotel contract performance clauses and methods to calculate damages. Attendees will also learn the pros and cons of utilizing a hotel contract addendum vs. a custom hotel contract process (ready for signature) and methods to create a cost savings / risk reduction / cost containment report, by meeting.