I am on "first refusal" for a bank commercial in Vancouver, British Columbia. It is NOT a confirmed booking. FYI for my younger/new commercial acting friends: What that means is simply that the client is interested in using you, isn't sure if they will use you, but would like for you to hold the desired day/time for them. However, as the talent, you are not committed to the project and, if something comes up for you, it's okay. You just call to indicate you are no longer available. This is where a bird in hand is worth more than two in a bush. A sure-thing booking would take precedence over a first refusal in the sense that it is sure income,...HOWEVER you roll the dice by keeping those days blocked out if it is great pay. Sometimes it's worth it to take the chance depending on your risk comfort level.
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Everyone has a different ATR level (Aversity to Risk). For instance, I fear nothing, there's no chance I wont take if it's a decent risk calculation. My ATR would be a 1 on the 1-10 scale. I have an unusally high amount of tolerance for uncertainty and the unknown kind of excites me. I dont need guarantees or all my ducks in a row to be comfortable. Alot of that has to do with my Christian faith where I realize that "worry" wont pay the bills, make me taller, or make employers/clients kick down my door for acting jobs or haircutting. What is YOUR ATR and what can you do to bring that level down?
Thank you for explaining "First refusal".