The contingency is a part of your budget to cover cost overruns from unlikely or unintended events. It is not meant to cover production costs that are known, anticipated, or reasonably foreseeable. Historically, the standard contingency has been 10% of all other budgeted costs of production excluding the bond fee and financing costs to the extent included in the budget. However, we recognize that sometimes a different contingency allowance may be appropriate. Once our Production staff has had the opportunity to review your production elements and meet with your production team, we will be in a much better position to find the right level of contingency needed for your budget. Producers or others often pledge a portion of their fees to make up the difference if the amount of the contingency allowance included in the budget is less than what UniFi needs.
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