Estimate Proposal Template – An estimate proposal consists of information about the time and cost estimation completed with the required resources to complete a project. Your proposal reader will consider this part much by comparing yours with the other estimate proposals of your competitors. Here are some steps you can do to ensure that your proposal is covering what it should cover.
Creating a Structure
If you are responding to an RFP, then you can simply consider this by reading the proposal properly. Inside you can find the steps required to complete the project, so use them to create a structure of the project. The structure is the step-by-step instructions to complete the project. By creating this structure you can easily overview the project to check what activities should be performed to finish it properly.
Determining the Time Estimation
Based on the structure you have created before, set the time estimation of how long you can finish it. this is one of the benefits of creating the structure since it helps you easily set the required time depending on what steps that should be done and the level of complexity. The time estimation should be realistic, which means you are confident to make it on time while allowing some unexpected conditions that might happen to be still put inside the timeframe. Use this decision to create a schedule for the project.
Identifying the Cost
Using the structure and timeline, identify how much cost needed to cover all the steps and resources needed. Just like the time estimation, the cost should have some rooms as well to be easily adjusted if later the project requires you to do certain things that take your time and skills more than the ones that have been requested in the RFP.
Listing the Expenses
All the expenses should be listed to break them down. This will help the proposal reader easily evaluate why a certain amount of money needed and how it will be used. First, list all of them to later calculate the total amount of the expenses. If the project is lengthy, divide the expenses into several portions such as weekly or monthly.
The estimated proposal should be correct to ensure that both parties; you and the proposal reader are gaining benefits of what each of you requested.
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