Template for job estimate

Use this template to create an initial cost estimate to help determine the viability of a project and the budget required. Use this software development estimate to evaluate the work effort and financial cost required to complete a project.

Include resources required for different phases and activities in the development process. This is a simple Excel sheet template that can easily be edited to estimate costs for a wide range of projects. This template utilizes the three-point cost estimating method, with best-case, most likely, and worst-case scenarios included.

Enter your data, and the template will automatically calculate weighted averages for each line item. A total amount is listed at the top of the template for a quick overview, and there is also room for additional notes. Parametric estimating can be a quick and accurate method for projects that involve uniform, repeatable tasks, as opposed to projects that involve a wide range of variable work.

This template includes sections for product and labor expenses, with lists for adding items and tasks, unit costs, and hourly rates. Subtotals — as well as a combined total cost estimate — are provided for each line item. While job estimates are not binding contracts, they do provide written documentation of an initial evaluation of costs.

This documentation is important for maintaining accurate records, comparing actual expenses to the original estimate, and planning estimates for similar projects in the future.

Clear documentation may also help to avoid any misunderstandings with customers and support the creation of a realistic quote or contract. This way, both contractor and customer have some level of financial and legal protection.

The process of creating a job estimate also helps to outline the parameters of a project as each step is identified and evaluated for cost. One of the benefits of using an estimate template is the ability to reuse a standardized form to boost efficiency and provide consistent, professional communications with clients.

Rather than creating a new estimate form for each client, you can simply adjust the deadlines, expenses, materials used, and other details based on the scope of a project and customer needs. Project managers who work on IT development projects have the difficult task of translating the scope of a project into an accurate estimation of costs and scheduling.

This can be especially challenging when using Agile development methods , which tend to evolve over time. The goals of cost estimating for IT projects are similar to the goals of cost estimating for other types of projects.

These goals include matching resources with a project timeline, creating an accurate budget, helping define the scope of a project, and avoiding cost overruns.

For these projects, cost estimating will likely be an ongoing process that requires consistent updates in order to maintain accuracy. So, you can spend less time writing out estimates and more time on the job.

When you create your Invoice Home account, our software saves important information such as your business address, customer information, line items, and taxes. Then, it automatically fills in these fields when you create a new cost estimation. No need to type this information over and over like with traditional free estimates! You can add items with a click once they are saved. You can even transform an estimate into an invoice without having to retype all your information.

Luckily, with our mobile app you can edit your estimates on the fly! Our app automatically syncs with your Invoice Home account. So, you can create free estimates on your laptop, edit them on the job site, and print them off on your office desktop.

You can incorporate as many information as possible because it is the content which matters the most ultimately. Free Download Job Estimate Template. Customers do not like to be surprised by an increase in price.

That can lead to bad reviews. If your business relies on referrals, reviews and repeat business, you want to make sure your customer is happy throughout your entire interaction with them. Taxes: Include sales tax in your estimate, either by listing items as " Multiple Estimates: Consider providing two or more job estimates: one for the most likely cost, and another that also lists additional parts and labor that might be required for specific complications in a worst-case scenario.

If the type of work you are doing would allow you to guarantee a maximum price, consider using a Quote instead.