Originally posted by Joelaff
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Bobby Parker
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Originally posted by Joelaff View PostI like to pad the estimate a little bit up front and then offer to throw in small things like this— within reason of course. Clients love to think they’re getting a deal or something extra. I prefer to under promise and over deliver. Has the added benefit of sometimes they don’t ask for more and you get to keep the padding (assuming you are bidding by the project, not by the hour, with would be dishonest to lie about the amount of time).
Of course sometimes the bid is pared down too much to begin with and then you just have to communicate right away about anything that is outside the original scope.Dean Punchard > Head of CGI at HUB
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By padding I mean extra, beyond what I expect to make as profit on the project. You certainly don’t want the changes to cut into your actual profit, or, as you say, you won’t be in business very long. Then this extra padding hopefully averages out as a little extra profit if you estimate it right.
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