A freelance estimate is a document that freelancers provide to clients that outlines the project scope, the expected deliverables, and the total cost of the project. The estimate serves as a preliminary agreement between the freelancer and the client and helps to establish clear expectations for the project.
A freelance estimate typically includes some or all of the following information:
- Project description: A brief description of the project, including the scope of work and the expected deliverables.
- Timeline: An estimated timeline for the project, including any key milestones or deadlines.
- Cost breakdown: A detailed breakdown of the costs associated with the project, including the freelancer’s hourly rate, any fixed fees or expenses, and an estimated total cost for the project.
- Payment terms: The payment schedule and terms, including any required deposits or upfront payments.
- Terms and conditions: Any additional terms and conditions, such as revision policies, intellectual property ownership, or confidentiality agreements.
Providing a freelance estimate helps to ensure that both the freelancer and the client have a clear understanding of the project and the associated costs. It also provides a framework for the project that can be used to establish clear expectations and minimize the risk of scope creep, disputes or misunderstandings.
See also: Direct Costs, Retainer Fee, Project Timeline, Budget