FMP: Budget Breakdown
Having a budget is essential to making a film as this will either make of break it. When making a budget you have to be realistic in terms of accounting for time and things that may go wrong, as well as miscellaneous items that may need to be paid for along the way this is called a ‘contingency’. You have to include absolutely everything within a budget which means being very thorough and open minded to costs of cameras and equipment to the cost of parking meters.
Throughout this production we have noted down all costs keeping receipts and invoices as evidence. The budget has changed a lot since the beginning of the project, however, everything was taken into consideration apart from distribution material which we didn’t know the cost of until we had made our designs and set quantities. In reflection there could have been money saved from the night that wasn’t spent at the hotel, though this was a contingency in case we had to pick up any extra shots which we could unfortunately not do due to the circumstances on the second day of filming. I believe we have been thorough and tried to keep costs down whether by shopping around or gaining cashback on processed orders and items.
Here is our complete budget breakdown, now completed: