Tooltip Tags: Budget

Usually an agreement to perform work or provide a service for a fixed fee or wage which will not be affected by overtime restrictions of unexpected costs. Also used in terms of sets and set construction elements which are generally used to create walls.

An insurance guarantee that principal photography on a given film will be completed. It indemnifies a production against the unforeseen costs of any type, whether or not they result from problems which are covered by other types of insurance.

A designated amount of a budget which is added in anticipation of potential cost overruns.

A form which lists the pertinent details of salary, guaranteed conditions, and other essentials of a work agreement negotiated between a member of the cast or crew and a production company.

Refers to the technical elements of the production staff. Literally, these are the budget elements that appeared below a bold line on a standard production budget form.

A fee or allowance paid to a crewmember for providing his/her own equipment or other specialized apparatus for use in a production.

Refers to the creative elements of a production such as the writer, producer, director and actors. Literally, these are the elements which appeared above a bold line which divided standard production budget sheets.