Thanks Nick, Ned and Mark for your insight and confirmation.
The client has pulled out of working with us. They sent me this email:
Release the dates and crew.
I regret that I cannot meet your payment terms.
Just not possible at this point…
I’m sorry…
Of course this is from a production company in the midwest, who operates the same way I do. It seems like they have a slow paying client. The reason I get to work with outstanding crews is because I pay them right away. Normally at the end of the shoot. The client’s client certainly has the money to pay a deposit. I can’t be a bank for other clients. That’s how I can sleep at night.
To Nick’s response, yes I really can use the work, but I can’t accept a deposit for $5,000 for a $20,000 project. That would be a poor business decision.
To Ned – Though you don’t feel in danger of being ripped off, people’s situations change quickly. What if your client went belly up, or became sick, or had new management. I always try to have enouh deposit so I can pay any of my expenses incurred for a project. This way I never owe my crew money that I don’t have.
To Mark – Thanks so much for your insight. You always have the best logical advise, and I appreciate it!
Have a good one.
Greg Ball, President
Ball Media Innovations, Inc.
https://www.ballmediainnovations.com