The Digital Production Partnership (DPP) has launched a set of guidelines to help producers get the best from their production budgets in the digital age.
The production budget guidance has been drawn up to reflect current production techniques with the aim of making sure all aspects of a production are fully accounted for.
Channel 4 head of production finance and DPP board member Hayley Thornton said: “Technology has moved on considerably since the indie sector emerged, yet the vast majority of producers do not have a current budget template.
“We have updated it to reflect the digital age and to help producers think through the process and make the most of their production budgets.”
The DPP said the checklist is not exhaustive for all genres of programming, but is intended to ensure that no key areas are overlooked.
With significant change in areas such as data capture and post-production, references to allowances for tape stock have been replaced by shooting or recording media, including archive storage on drives or LTO tapes.
And post schedules now include ingest and transcoding.
The DPP has worked with the Production Managers Association (PMA), UK Screen Association and representatives of several independent production companies to develop the guidelines.
Keo Films head of production Maddy Allen, who helped lead the project for the DPP, added: “We worked with hugely experienced production representatives from across the industry who helped to feed their invaluable knowledge of the changing face of digital production into this revised template, which offers a thorough and highly useful foundation for today’s budgets.”
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