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Apr 24, 2024 · What Are Film Bonding Companies? Film bonding companies provide your production a completion bond, which is a written contract between your production, the investors, and the film bonding company that guarantees your production will be completed and delivered on time within the film budget.
- Why Is A Completion Bond Necessary to Finish A Film?
- When Is It Time to Get A Bond Company Involved?
- Documents You Need to Prepare When Applying For A Completion Bond For Your Film
- 6 Steps A Completion Bond Company Will Take to Prepare Your Film
- What Role Does The Bond Partner Play During Principal Photography?
- What Protections Can My Film Bond Provide For The Covid-19 Pandemic?
- Bonding Your Film Helps Get It Made
Most independent films require a completion bond to secure a film’s financial package. A bond is basically an insurance policy that a producer takes to financiers, lenders, and distributors as a guarantee that the film will be delivered on time and within budget – or their money back. Lenders who are willing to write you a loan based on collateral ...
Involve a completion bond company as early as possible in your film. If production documents are complete, a financial package is materializing, and key crew members and talent commitmentsare secured, it’s time to approach a bond company that will help unlock cash from lenders and complete the project. The sooner you can involve a bond company, the...
Preparation is key when applying for a completion bond. Having the necessary documents in order will ensure that the bonding process can move forward smoothly. This can expedite the release of cash from lenders and sufficiently prepare you for principal photography. Here are some of the documents you can expect to need:
Once all of the appropriate documents are organized and submitted for review, your bond partner will get an in-depth understanding of your project. They will work with you to make sure everything that needs to be done before production is taken care of, by doing the following:
As a representative of the financiers and lenders, a completion bond company will monitor production closely to ensure it is on schedule, staying withinbudget, and key crew membersare operating effectively. They can also resolve any unforeseen issues with great efficiency, working with producers to get back on track. The bond company acts basically...
Most completion bonds do not include any COVID-19 coverage. In that case, you will still have to purchase a separate insurance policy to cover COVID-19 related production shutdowns. It is extremely important to do so, since a shutdown of a few days or even a week can wreak havoc on your schedule and eat into your carefully planned budget. Having a ...
Without a doubt, bonding your next indie feature is the most important step you can take to ensure it gets made. Not only do most lenders require it for the sake of offsetting liability, a film bond servicer proves to be an invaluable partner to any production. They help maintain a producer’s promises, make good on deals and loans, and help get you...
Discover Film Finances Inc., the global leader in film completion guarantees, ensuring on-schedule and on-budget delivery for over seven decades. Explore our services and industry expertise.
A Completion Bond is a surety bond that guarantees a project will be completed on-time, within budget, and free of liens. Completion surety bonds are primarily used in the construction industry, but are also used in the film production and video game production industries.
Jul 13, 2022 · A completion bond is a financial contract that pays out in full when a construction or infrastructure project is completed, providing greater coverage than a performance bond. Completion...
In filmmaking, a completion guarantee (sometimes referred to as a completion bond) is a form of insurance offered by a completion guarantor company (in return for a percentage fee based on the budget) that is often used in independently financed films to guarantee that the producer will complete and deliver the film (based on an agreed script ...
Film Production Completion Bond is a written contract that guarantees a motion picture will be finished and delivered on schedule and within budget. Questions? Call us!: 1-(800) 874-9191
