Cost Estimate Template

Download the free cost estimate template from Invoice Quickly and find the best estimate solution for you to grow your business. Creating and sending an estimate with this beautiful and fully editable cost estimate template takes only a few seconds.

Get Your Free Cost Estimate Template

Creating estimates quickly and accurately is essential for every business. But the problem is time wasted on creating, sending, tracking, and handling paperwork.
Luckily! The free cost estimate template from Invoice Quickly is a tool that makes this process easier and faster. Download now and start creating high-quality and detailed estimates quickly and ideally.
Our beautiful and editable cost estimate templates are available in Google Docs, Google Sheets, XLs, Word, and PDF, edit them, and email them to your customers.

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Engineering Cost Estimate Template

Ready to create and send estimates quickly and accurately. Then you should consider this beautiful and multifunctional engineering cost estimate template. Download it now makes your estimate process simple and super fast.

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Project Cost Estimate Template

Start creating your professional-looking and high-quality estimates in just a few seconds with this project estimate template. Its customizable fields and advanced options allow you to create and send detailed and accurate estimates quickly and ideally.

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Invoice With Invoice Quickly

Print, download or send your estimate for free with Invoice Quickly.

Invoice With Invoice Quickly

Download the free professionally designed, fully customizable estimate template from Invoice Quickly.

Training Cost Estimate Template

Looking for a simple and quick way to create an estimate that will give your business a professional touch? Download this training cost estimate template and start creating detailed and professional-looking estimates with just a few clicks.

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Administrative Expense Cost Estimate Template

This beautiful and ready-to-use administrative expense cost estimate helps you create and send many estimates quickly and correctly in a day. If you use this professional-looking and adaptable template, you will see it will make estimates easy and super faster.

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Invoice With Invoice Quickly

Create a unique estimate in seconds with Invoice Quickly and stand out from your competitors.

Real Estate Cost Estimate Template

The real estate cost estimate template is a fast and powerful estimate generator for small businesses like you. Download it free and grow your real estate business smoothly and quickly with this elegant estimate template.

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Planning Level Cost Estimate Template

Instead of creating an estimate from scratch, you can quickly create high-quality and professional-looking estimates with this planning-level cost estimate template. Download it now and get the ideal deals, promotions, and business opportunities.

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What is an estimate?

The contractor presents an estimate to the client before the contract is officially signed. It mainly shows the contract details and costs. Estimates do not have to be submitted, but most companies present them to their clients before signing a contract. Negotiations and transactions can proceed based on the estimate.
Therefore you should use an estimate creation tool like Invoice Quickly to create an estimate. With the help of our pre-made stylish quote template, anyone can create a good-looking estimate quickly and ideally.

Difference between estimate, invoice, and delivery note

Estimates, invoices, and delivery notes have different characteristics in commercial transactions.

The estimate is prepared before the contract transaction. It is not a document that must be prepared under the Civil Code, the Companies Act, and the Tax Law but is created and issued based on business customs.

The invoice is created after the contract transaction and is mainly used for payment collection. Whether the invoice itself is legally valid depends on the circumstances, but tax law requires that it be retained for a certain period. Depending on the level of the company or business, there is a storage obligation of up to 9 years.

The delivery note is a document that accompanies the contract transaction and is the legal basis for the delivery date. The obligation to pay the ordering party’s price will occur after the delivery date, and the order receiving party will have the right to receive the payment after the delivery date.

Write an estimate that your customer will accept.

Everyone has already received an offer or a cost estimate that they were annoyed about. What are common causes for this? The contractor did not fully understand the customer and is offering something that the customer does not want. That is why it is important for you as an entrepreneur to communicate well with your customers. It usually helps to pick up the phone for a moment. 

You also have to be honest with yourself and your customer: only offer something that you can really do at this price. And of course, consider in advance whether you want to include room for discounts in your first offer. 

Fairness and quality are important for a good relationship with the customer and thus a good basis for long-term success! Make your work easier with software like Invoice Quickly for creating professional offers and cost estimates for more customer satisfaction!

Why Use Our Estimate Templates?

Every client and project has different requirements and budget-levels. To meet all the levels of budgets and requirements, you need to create a quote that fits all your and your client’s needs.

That’s why you need to use accounting software that fulfills all your business needs. Luckily, Invoice Quickly is a powerful tool that can centrally manage and streamline the business, and SMEs, like sales management, payment management, grasping sales forecasts, cash flow forecasts, as well as creating quotations and invoices. 

 

  • Create quotes in bulk
  • Automatic calculation
  • Alert function to prevent billing omission
  • Reduce the psychological stress of paperwork

Role of Estimate

Estimates or quotations should be issued for exchanging work. Let’s confirm the two roles of the quotation.

 

・ Avoid unnecessary troubles

An estimate or quotation is a document that proposes to the client of the job what to deliver and the amount. Therefore, if you proceed with the work without issuing a quotation, various troubles may occur later if there is a discrepancy between the client and the client in terms of work content, amount of money, delivery date, etc.

 

・ It will be a material for comparison and examination for the client

The quotation is not necessarily issued after the job request is confirmed.

In some cases, the client requests the issuance of a quotation as material for comparing and considering the prices and delivery dates of products and services of other companies. At that time, the quotation will also be material to appeal to the client your sincerity and subsequent response to the requested content.

The sooner you submit a quote, the more you can give the impression that your work will be more reliable and quicker. However, if you place much emphasis on speed and the quotation contains content that does not meet the request of the client, or if there is an error, it will cause the evaluation to decline. Please be careful about that point.

What is the expiration date of the estimate?

There is no fixed one. It depends on the product and service. If the price of the material fluctuates, shorten the expiration date. As much as possible, it is better to add the expiration date.

Estimate making rules

When making an estimate, first calculate a rough amount and present it to the other party.

After that, you will create proposals and specifications to ensure that both parties do not misunderstand and then further squeeze the estimate’s contents.

When presenting the estimate, you must accurately describe the items, quantity, unit price, etc.

Tips While making an Estimate

Estimates are the last barrier for prospects to trust and turn into customers. Here are some key tips to keep in mind to make an estimate that your prospects can rest assured of.

 Is the estimate easy to understand?

Make sure you can see the essential parts in an instant. The estimated amount will come to your eyes first, but you need to write the details clearly to understand the rationale clearly.

If there is a discrepancy with the items to be confirmed, it may cause trouble later. You can avoid problems by creating an easy-to-understand estimate for each opportunity step.

 Is there a basis for estimating the delivery date and price?

It is a common problem that the delivery date and price stated in the estimate deviate from reality. Sales reps should not overdo it to get an order. The delivery date and price of the estimate will be decided in consultation with the person in charge of development and the person in charge of the entire project.

If you find that the delivery date and price set in the estimate cannot be completed in the middle of the process, we will consult with the customer again at that stage and approve the change in the delivery date and the billing amount.

 Can you provide it as soon as requested?

Depending on the prospective customer, we may have already collected information on the website, etc., and are considering purchasing specifically. Other prospects want to know how much it will cost as the first step in their consideration. Therefore, it’s a good idea for sales reps to be ready to offer when they enter a deal.

How to make a Cost Estimate?

The estimate does not have a specific format. The purpose of the estimate is to consider the transaction conditions and decide whether to accept the order, items, unit prices, quantities, units, and subtotals. Minimum items such as are required.

  • Download the Free Cost Estimate Template from Invoice Quickly
  • Enter “Estimate” as the title of the document.
  • Date of issue of the estimate
  • Contents and quantity of products and services targeted for an estimate
  • Unit price and the total amount of products and services targeted for an estimate
  • The delivery date of products and services targeted for quotation
  • Estimate expiration date
  • Submitter’s company name, address, phone number, etc.
  • Submitter’s company seal

Download The Cost Estimate Template For Free

Quotations, invoices, and receipts are documents that are indispensable for conducting transactions. Issuing these documents will also build relationships with your business partners, so don’t waste your time. Download our professional-looking and editable Cost Estimate Templates for free.

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