Concept: Exterior and aerial architectural photography of an oil refinery.
Licensing: Public display of 15 images in a corporate office.
Photographer: Architectural and landscape specialist.
Client: Large oil and gas company.
Here is the estimate (click to enlarge):
Creative/Licensing: The photographer had a longstanding relationship with an architectural firm who was working with the client to develop new office spaces, and they connected the photographer directly to the client to discuss the creation of artwork to fill the new space. They hoped to capture images of their oil refinery both from the ground and from above to showcase the scale of their complex in an artistic way. They were interested in 15 images, and after speaking with the photographer about different angles/shots, they anticipated needing two shoot days to accomplish the project. Based on conversations with the client, they intended to make use of the images in various ways, ranging from a large-scale display in the lobby to smaller-sized prints throughout the office.
Since a few of the images were going to be more prominently displayed than others, I developed a tiered pricing model starting at $2,500 for the first image, $1,000 each for images #2-4, $500 each for images #5-8, and $250 each for images #9-15. That brought me to $9,250, which I initially doubled considering the potential shelf life of the images. When pro-rated, that brought me close to $1,250/image, which I felt was a bit high, so I brought down to $1,000/image and an even $15,000 (breaking down to $7,500/day when viewed that way). Given the size of the client, it felt a bit light, but with expenses bringing our bottom line up near $25k, I felt this was appropriate based on other similar projects I’ve estimated.
Photographer Scout Day: Before shooting, the photographer would do a walkthrough of the location to determine the best angles and time of day to capture each shot.
Helicopter Rental: The photographer had previously rented helicopters for projects, and anticipated paying $450 per hour. Based on where the helicopter would take off/land, and the few shots that were needed, we included 2 hours and rounded up just a bit. Sometimes chartering a helicopter for this purpose requires the rental of special safety or stabilization equipment, however, it was not required in this instance.
Equipment: This included the photographer’s camera, backup body, and specialty lenses for two days.
Mileage, Parking, Meals, Misc.: I included $50/day for meals and $100/day for mileage and miscellaneous expenses that might arise.
Shoot Processing for Client Review: This included the photographer’s time to transfer all of the images from the cards to his computer, review and batch color-correct the content, and prepare a web gallery for the client to choose from.
Retouching: I included two hours of retouching, based on a rate of $150/hour, for each of the 15 images.
Results: The photographer was awarded the project.
Hindsight: Considering the size of the client and the lack of negotiation, I think we could have aimed higher on the creative/licensing fees. It can actually be reassuring when a bit of resistance is met, which lets me know when we’re at the top threshold of a budget range, but since there wasn’t any pushback, there may have been some room to charge more initially. That being said, considering the market and the limited usage, I still feel the fees were appropriate.
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