What to quote for a new project

Price from what work really cost.

The Accountant suggests a price for a new project from what similar past projects actually cost.

In

Lirie asks in a Slack message at 17:05: ‘what should we quote Nordlicht for a 3 month app build?’

Out

Done

About €89k, based on three similar projects and a 35% target margin, with advice on handling changes.

What it does

It brings three systems together.

01Finds the three most similar past projects
02Adds up the hours spent on each
03Works out what those hours cost
04Applies the 35% target margin

When it asks you first

Salary data stays with the owners.

Uses payroll figures only for the owners
Suggests a price, but Lirie sets the quote

What you see

Lirie gets a figure, the reasoning behind it and a suggestion for the contract.

More from The Accountant.

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