Price a fixed-fee project.
A worked example
Starting figures
- Estimated days
- 24
- Day rate
- $780
- Risk buffer
- 20%
- Expenses
- $1,200
What it returns
- Quote
- $23,664
- Base fee
- $18,720
- Buffer
- $3,744
- Effective day rate
- $936
How to read the results
With the defaults above, quote works out at $23,664.