Bonjour Janet
First ask your agency if they want RGB or CMYK image.
A 30Mb RGB image will "weight" 40 Mb when converted to CMYK. (4 channels instead of 3)
8 bit is a question of "quantification" of the pixels, it is not related with the size of image.
If you want to be precise about size (area):
don't talk 8 or 16 bits (but work in 16 and deliver 8bit)
specify xx inches/cm by xx inches/cm
@ xx dpi
The dpi is somewhat the "depth" of your image which is made, whatever the DPI with length in pixels by width in pixels. NOTHING else.
DPI will let a printer rip to spread your pixels into a certain area, look just hereunder, this is the same unresized IDs MkII image:
Look, whatever the # of DPI you specify, as resize is unchecked, the # of pixels remain the same BUT the area changes.
and here is the same with the same image in CMYK:
The debate about what your agency ask is IMHO not the point here (though, I agree there's a lot to say). I assume that by agency you mean stock agency. If it is an advertising agency this is completly different.
If you want to be precise about size 2:
an 1Ds Mk II image is 4992x3328 pixels = 47,5 Mb and that is closed
to A3 that is a standard for your agency.
Most of agencies do ask
50 Mb ORIGINAL/UNRESIZED file and this is completely normal as they whish to be able to sell double spread A4 page images to their clients.
It would be completely foollish to systematically increase your 5D files in PS to 50 Mb. Some will print gorgeous, some not, they need to be tack sharp with a very very good "piqué" before any software sharpening.
Sorry but your 5D is simply not able to produce reliable A3 pages for each shot.
But your 5D is certainly able to produce magnifiicent images to sell to magazines. Individually.
Photographers like Bejamin Kanarek do work with 10 Mpix camera such as the Pentax K10D (or many photogs with Canon 1D series and Nikons as well) but they deal directly with magazines. Not with agencies.
Stock agencies don't want to take the risk to store/sell small images, they have a standard: A3 @ 300 dpi.
If you deal with an advertising agency,
you'll have to show and prove them that your files are good enough for their need....
Hope it helps!
PS (RGB and CMYK color spaces are another story that we could eventually debate in another topic; what color space do you send to your clients? (printers, agencies, stock agencies graphists etc...)