Fee proposal estimator
A bottom-up fee estimate multiplies the hours each phase or role needs by its billing rate, adds a contingency on labor for the unknowns, and adds reimbursable expenses. List the work, set the contingency, and the estimator returns the labor fee, the blended rate and the total.
Estimate
Total fee, $32,892.00
- Total fee
- $32,892.00
- Labor
- $29,220.00
- Contingency
- $2,922.00
- Expenses
- $750.00
- Labor hours
- 212
- Blended rate
- $137.83 per hour
Runs in your browser. Nothing you type is sent or stored.
The formula
Fee = sum(hours x rate) x (1 + contingency) + expenses
Terms
Go deeper
Common questions
- It depends on how well defined the scope is and how closely the project resembles work you have done before. Compare the hours on similar past projects with what they were estimated at; the gap is a better guide than a rule of thumb.
- Both, if you can: phases are how the client reads the fee, and roles are what the hours cost. Enter each row as a phase and role pair, such as "Design development, project architect".
- No. The estimator runs in your browser. Nothing you type is sent anywhere or stored. Download the CSV to keep a copy.
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