thanks for the input, gents
I have considered all of these factors and as it turns out I negotiated about 75% of what i had asked for in terms of my (albeit reduced) rate for the project. While it’s true that few docs actually make money, many do get funding from other sources (although it’s also true that many don’t). I negotiated that the other 25% of my rate would be “up in the air” – that is – funding/revenue dependent- while 75% would be paid within one year. I’d also be intitled to 25% of whatever comes down the road in terms of funding, revenue, etc (although that clearly may be nothing). An added bonus is that there is flexibility in terms of the timing, taking other jobs, etc – that really makes it all more workable. And fortunately, as it turns out my producer isn’t broke and he brought more to the table than I had anticipated in terms of the financial reality.
Thanks for your caveats about not trusting the producers- i would agree with this in many many cases and I have been burned pretty badly in the past myself. I would never suggest that someone turn down paid work for a totally unpaid job. That is ridiculous.