Okay, first the ground rules.
I fully expect you to send me a couple of financial points off the top as your “consultant” should my sterling advice below prove fruitful here…
What you do is you tell the agency that you’re going to give them a HUGE deal. Then keeping your face totally straight, inform them that for decades, the traditional “rule of thumb” for quoting corporate videos has been around $1000 per finished minute.
So that puts the nominal value of this particular 600 hour job at right around $36 MILLION BUCKS. (Keep that straight face, it’s crucial here)
Remember, don’t crack a smile and DON’T laugh – in the arena of government accounting, this is what’s commonly known as “petty cash.”
Then tell them you’re going to offer them your SPECIAL GOVERNMENT RATE of 50% off.
A simple $18 Million.
Remember this client is the GOVERNMENT. A billing of a mere $18 Mil will probably land on the desk of some second assistant of the junior aid to the undersecretary of something or other – and chances are that if you get lucky and it arrives on the friday of a 3 day weekend, they might just sign it and forget about it.
Be sure to do a great job. The government deserves our best efforts.
And let me know when I can expect my consultant fee.
You could do that, or you could do what others have noted here and SCHOOL the client that out of that 600 hours of purported training, there really should be less than 100 hours of ACTUAL content. The rest will be a mess of intro, audience bonding stories,exercises, lunch, personal relief breaks, re-hashing, point reinforcement, digression for storytelling, and perhaps some Q&A.
They need to understand that simply RECORDING a live training situation and then forcing others to watch it in anything like real time is just about the WORST use of video technology that is imaginable.
In order to turn 600 hours of anything into even 100 hours of watchable content, I’d suspect you’ll be spending more like 6000 hours. Given a 40 hour editing week, you’re looking at this project sucking away 150 man/weeks of effort. So if you’re tempted to price it at something that SOUNDS lucrative, say, A HUNDRED GRAND! the project will actually yield about $16 an hour – or about what that 18 year old down the street is paid for working at Home Depot once you factor in the costs of taxes and benefits.
This kind of job is the kind where you have to be very, very, VERY careful. Not just about making a profit, but about creating a program that is boring and ineffective and will suck away countless of hundreds of human hours in wasted time spent slogging through an ill-conceived and less than effective government required training regimen.
Big job. Big Responsibility.
But it sounds like you have some experience, so I’m going to believe that you can do this and do it well. Just make sure that after those two years of man/effort – you have a chance to feel as good about the gig as you did going in.
Good luck.