What to look for in regards to Deferred Contracts? - Page 2 at DVinfo.net

Go Back   DV Info Net > And Now, For Something Completely Different... > Taking Care of Business

Taking Care of Business
The pen and paper aspects of DV -- put it in writing!


Reply
 
Thread Tools Search this Thread
Old July 3rd, 2011, 10:45 PM   #16
Trustee
 
Join Date: Jan 2008
Location: Mumbai, India
Posts: 1,385
Re: What to look for in regards to Deferred Contracts?

Not getting paid is another matter altogether...it happens no matter what industry you're in, and the worst offenders are the ones who make the most money.

It's important to study the filmmaker and his/her intentions before committing to anything, and it is unwise to expect monetary gain from an independent feature, simply because 99% of them don't make any money.
__________________
Get the Free Comprehensive Guide to Rigging ANY Camera - one guide to rig them all - DSLRs to the Arri Alexa.
Sareesh Sudhakaran is offline   Reply With Quote
Old July 4th, 2011, 06:06 AM   #17
Major Player
 
Join Date: Nov 2008
Location: Santa Monica, CA
Posts: 318
Re: What to look for in regards to Deferred Contracts?

BRILLIANT! This is exactly what I was looking for. I can't thank you enough.

Cheers,
Mike
Michael B. McGee is offline   Reply With Quote
Old July 4th, 2011, 06:19 AM   #18
Major Player
 
Join Date: Nov 2008
Location: Santa Monica, CA
Posts: 318
Re: What to look for in regards to Deferred Contracts?

OK, if I can get this guy to pay me, let's say $200/day for 10/12 hours for shoot days, what should I ask for prep days? Same or half or....? What about overtime? What's fair considering the situation, that is?
Michael B. McGee is offline   Reply With Quote
Old July 4th, 2011, 09:41 AM   #19
Wrangler
 
Join Date: Jan 2002
Location: Los Angeles, CA
Posts: 6,781
Re: What to look for in regards to Deferred Contracts?

Prep days should be billed the same as shoot days. I will make concessions for scouts, travel and idle days but not prep.

The standard OT breakdown is straight time for 8, time and a half for 8 to 12 and double time after 12. If your rate is 200/10, you would be at 30/hr until 12 hours, then 40/hr after that. If at 200/12, your OT is at 33.33/hr. There is a strict theory that a 10 hour rate actually represents 11 hours of base pay (8 hours straight time plus two hours at 1.5 time equals 11 hours) and thus your base hourly is calculated lower since you are dividing your rate by 11 rather than 10, but I wouldn't bring that up unless they do as it results in less pay! And yes, you should tell them that it is a 10 hour rate--with any luck they are inexperienced enough to agree to it without understanding that it will cost them more!

Whatever you do--again--get it agreed-to in writing before the job starts.
__________________
Charles Papert
www.charlespapert.com
Charles Papert is offline   Reply With Quote
Old July 6th, 2011, 07:13 AM   #20
Major Player
 
Join Date: Nov 2008
Location: Santa Monica, CA
Posts: 318
Re: What to look for in regards to Deferred Contracts?

Much appreciated. Now, I feel like I owe you a percentage. Thanks for all of your help.
Michael B. McGee is offline   Reply With Quote
Old July 6th, 2011, 10:14 AM   #21
Major Player
 
Join Date: Feb 2009
Location: Philadelphia, pa
Posts: 705
Re: What to look for in regards to Deferred Contracts?

Also, creative acounting is something that you should concern yourself with. If your future revenue is based on profits, you need to have a clear understanding of not only the production costs, but also the cost that go along with duplication/replication. You should have an understanding of all the expected expenses so that you know how many DVDs have to be sold before you start making money.
Kevin Lewis is offline   Reply
Reply

DV Info Net refers all where-to-buy and where-to-rent questions exclusively to these trusted full line dealers and rental houses...

Professional Video
(800) 833-4801
Portland, OR

B&H Photo Video
(866) 521-7381
New York, NY

Z.G.C.
(973) 335-4460
Mountain Lakes, NJ

Abel Cine Tech
(888) 700-4416
N.Y. NY & L.A. CA

Precision Camera
(800) 677-1023
Austin, TX

DV Info Net also encourages you to support local businesses and buy from an authorized dealer in your neighborhood.
  You are here: DV Info Net > And Now, For Something Completely Different... > Taking Care of Business

Thread Tools Search this Thread
Search this Thread:

Advanced Search

 



Google
 

All times are GMT -6. The time now is 04:35 PM.


DV Info Net -- Real Names, Real People, Real Info!
1998-2017 The Digital Video Information Network