Did I get a fair price?

JoeJITSU

Veteran
I had a Director who is going to release a film (Documentary style) for HBO in December. He has a few films but I wont release his name. He found me through a friend and I charged him $2000 for a 90 minute edit. Well he offered $3500 and I was like........"woah"!. But he is a very nice guy and my deadline is beginning of October anyway. Was this too cheap I charged?
 
Well that's roughly $15/hour for 6 weeks of editing if it takes you to the deadline and assuming Oct 1st and 40 hours a week. Your fee would have you sat $8.5/hour. Does that give you more perspective?

Michael
 
so... he offered $3500 and you said no, and instead took $2000?

if that's your 'pricing strategy', then good.

but if it were, you wouldn't be asking here.

i think you might have made a $1500 mistake :s
 
No I accepted the $3500.
I don't think it would take me that long to edit this out, (knocks on wood). Its roughly 12 hours of raw footage and I need to break it down into 90 minutes.
 
Was this too cheap I charged?

Here is a simple model for you:

T = The Time (in Hours) It Takes You to Edit 12 Hours of Footage Into a 1.5 Hour Documentary
V = The Value of Your Time Per Hour
F = Fee You Will Receive (in this case, $3500)

SO

If T * V > F, then you were too cheap

BUT

If T * V <= F, then you got a good deal

Nobody on this board can help you with this entire equation. You've only given us one part of it (the $3500 fee).

Some on this board can help you estimate "T." Personally, I've never edited 12 hours of raw footage down to a 90 minute final edit. But it seems like it would take at least a couple hundred hours based on how long it takes me to edit 20 minute documentaries with only 2 hours of raw footage. Ask a more poignant question of this group like: "how long do you think it would/should take to edit 12 hours of raw footage down to a 90 minute final edit? Here is what I know about the footage and the job/story/script/expectations: <fill in details that might help others give you a reasonable estimate>."

Only you can decide what "V" equals. For some, $50/hr would be ridiculously low. For others, $50/hr would be a nice return for their time. What's your V?

Sorry if this comes across wrong. I'm honestly trying to help. Bottom line, if you really want help, you've got to provide more information. Otherwise, Fahad's answer is all yer gonna get other than crickets.
 
Thanks for the advice.
I have 10 different people being interviewed. So since I didnt see the footage yet , I am going to cut and put the "good" acceptable footages for each person, this should be a pretty fast process. Then I have to sync the voices up and then drop the cuts and edits from there. This is interviews with playmates and at times I will throw in their aka centerfold moving shots while they are being interviewed.
 
Thanks for the advice.
I have 10 different people being interviewed. So since I didnt see the footage yet , I am going to cut and put the "good" acceptable footages for each person, this should be a pretty fast process. Then I have to sync the voices up and then drop the cuts and edits from there. This is interviews with playmates and at times I will throw in their aka centerfold moving shots while they are being interviewed.

And I assume your $2000 original quote was how much you offered HIM to let you edit the shoot? :)

Seriously, if you asked for $2000 and he up'ed it and offered $3500, you can bet he really would have been fine if you had ased for $5000 to $7000.
 
I charged him $2000 for a 90 minute edit. Well he offered $3500
Producers don't offer up more money for nothing. The producer knows that you're underestimating the amount of time it will take to complete this job. He figures if he throws you more money up front than you were expecting then you might be less likely to complain when you're working on version 42 and the job has no end in sight.

This is interviews with playmates and at times I will throw in their aka centerfold moving shots while they are being interviewed.
Naked ladies ???

A slight modification to the formula above:
If T * V - N <= F, then you got a good deal

N = naked lady discount.

Was this too cheap I charged?
You're not going to know the answer to that question until the job is complete and you add up your hours. I wouldn't have accepted the job at that price, but that's me.
That said, I think there's real value in the life experience of taking on a job like this. You'll never know what it takes to edit a 90 minute show until you get one under your belt. Once you understand what it takes you'll have an easier time calculating the value of your time.

...this should be a pretty fast process.
Don't be naive. There's nothing fast about editing a feature length program.
 
Just my 2 cents... All I can say is that I hope you know what is expected of you for $3500. Sounds very cheap to me. Putting a documentary together isn't just cutting footage up. So many questions come to mind... Are you working from a master transcript of cataloged footage, or a script from the director, and who is making the content and storyline decisions? Are you using motion graphics and composites from say After Effects or another compositor? Are you doing the sound mix or sweetening the dialogue? Are you selecting/licensing/procuring music and sound effects, if used? Extra materials such as stock footage/stills if needed. There are a ton of issues in order to make and deliver a good documentary story with high quality visuals and sound, especially for national broadcast.

I am currently in post on my own documentary/entertainment type show, (with more than a couple of scantily clad ladies actually ;) The show has been a work in progress for quite a few months. Just to get us to a rough cut was a laborious task. We had to do a lot of After Effects composites and some fairly complex montages for entertainment /visual value that took a lot of time to create. The show opening/credits took a week of After Effects work alone. There is also a 4 minute dance that took me almost a week to edit and fix. The dance sequence was shot on a dirty and dingy rehersal hall with dirty black theatre curtains as backdrop. We really cleaned it up with After Effects. The transformation was a huge improvement but laborious and time consuming to composite all the shots. This is but just one example of what can pop up.. see the attached before and after JPEGs.

On a different note... I personally wouldn't let someone else edit my documentary. But that is just my opinion and the way I work. I want to make every decision and be right there during the whole process. You may be in for a lot of re-edits unless you have a detailed agreement up front. Good luck on your project and I hope it all works out for you.
 

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Producers don't offer up more money for nothing. The producer knows that you're underestimating the amount of time it will take to complete this job. He figures if he throws you more money up front than you were expecting then you might be less likely to complain when you're working on version 42 and the job has no end in sight.


Naked ladies ???

A slight modification to the formula above:
If T * V - N <= F, then you got a good deal

N = naked lady discount.


You're not going to know the answer to that question until the job is complete and you add up your hours. I wouldn't have accepted the job at that price, but that's me.
That said, I think there's real value in the life experience of taking on a job like this. You'll never know what it takes to edit a 90 minute show until you get one under your belt. Once you understand what it takes you'll have an easier time calculating the value of your time.


Don't be naive. There's nothing fast about editing a feature length program.
lol I like the Naked lady discount. But its more of a lingerie shoot. Think its like an HBO feature for friday or saturday nights.
I took this job mainly because to use for my Resume. This will be my biggest project yet. I know you guys are mainstream...and that is my goal as well.
 
Just my 2 cents... All I can say is that I hope you know what is expected of you for $3500. Sounds very cheap to me. Putting a documentary together isn't just cutting footage up. So many questions come to mind... Are you working from a master transcript of cataloged footage, or a script from the director, and who is making the content and storyline decisions? Are you using motion graphics and composites from say After Effects or another compositor? Are you doing the sound mix or sweetening the dialogue? Are you selecting/licensing/procuring music and sound effects, if used? Extra materials such as stock footage/stills if needed. There are a ton of issues in order to make and deliver a good documentary story with high quality visuals and sound, especially for national broadcast.

I am currently in post on my own documentary/entertainment type show, (with more than a couple of scantily clad ladies actually ;) The show has been a work in progress for quite a few months. Just to get us to a rough cut was an laborious task. We had to do a lot of After Effects composites and some fairly complex montages for entertainment /visual value that took a lot of time to create. The show opening/credits took a week of After Effects work alone. There is also a 4 minute dance that took me almost a week to edit and fix. The dance sequence was shot on a dirty and dingy rehersal hall with dirty black theatre curtains as backdrop. We really cleaned it up with After Effects. The transformation was a huge improvement but laborious and time consuming to composite all the shots. This is but just one example of what can pop up.. see the attached before and after JPEGs.

On a different not... I personally wouldn't let someone else edit my documentary. But that is just my opinion and the way I work. I want to make every decision and be right there the during the whole process. You may be in for a lot of re-edits unless you have a detailed agreement up front. Good luck on your project and I hope it all works out for you.
Well, Im glad I don't have to use after effects. But then again the project has not yet started yet. There is a big possibility he might not like the colors of something and I might have to use it then. I do appreciate all of everyones help here though. I am glad I am part of dvxuser forums. Thanks guys
:love4: man I love this forum
 
Well, Im glad I don't have to use after effects. But then again the project has not yet started yet. There is a big possibility he might not like the colors of something and I might have to use it then. I do appreciate all of everyones help here though. I am glad I am part of dvxuser forums. Thanks guys
:love4: man I love this forum

After Effects is mans best friend... Bottom line is just make sure ahead of time everything that is expected of you for this money... In writing.
 
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