Hourly Professional Estimate

Free template

A cost estimate for work billed by the hour

For accountants, attorneys, engineers, designers, and other professionals who bill hourly

Free, no account required
Available formats

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Estimate

[Your Name or Firm Name]
[Street Address], [City, State ZIP]
[email@example.com] · [Phone]

Estimate no.

[EST-0001]

Date

[Month DD, YYYY]

Valid for

[30] days

Prepared for

[Client Name]

Matter or project

[Project name]


Work to be performed: [One or two sentences describing the work, its purpose, and the expected deliverable.]

Task estimates

TASK

SENIOR HRS

STAFF HRS

ESTIMATE

[Initial review of documents and background]

2.0

4.0

$840.00

[Analysis or research]

3.0

8.0

$1,500.00

[Draft of the main deliverable]

4.0

10.0

$1,920.00

[Review meeting with client]

1.5

1.5

$450.00

[Revisions after review]

2.0

4.0

$840.00

[Final deliverable and handover]

1.5

2.0

$510.00

Total hours and fees

14.0

29.5

$6,060.00


Rates

ROLE

HOURLY RATE

Senior: [Principal / Partner]

$180.00

Staff: [Associate / Analyst]

$120.00

Expenses

EXPECTED EXPENSE

ESTIMATE

[Filing, license, or data fees]

$250.00

[Travel or courier]

$120.00

Summary

Professional fees

$6,060.00

Contingency (10%)

$606.00

Expenses

$370.00

Estimated total

$7,036.00

Billed at actual hours worked. This is not a fixed price. Figures are examples; replace the tasks, hours, and rates, and recalculate the totals.

Assumptions

  1. [Client provides the documents or information listed in the engagement letter by Month DD, YYYY.]
  2. [The estimate covers one round of revisions; further rounds are billed at the rates above.]
  3. Time is billed in [0.25]-hour increments. The contingency is billed only if used, and we will notify you before fees exceed the estimated total by more than [10]%.

Authorization to proceed


Client signature


Name and title


Date