Made for Independent Contractors
Build a Fixed Price for Risky Work
Also useful for: people in Entrepreneurship
75 min
Advanced
Business & Entrepreneurship
Earn More
Set a fixed project price using likely costs, risk, overhead, margin, revision limits, and clear rules for extra work.
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Use this when
You need to quote a fixed price for a project with uncertain hours, changing costs, travel, subcontractors, or revision risk.
You'll need
- Project context
- Currency
- Deliverables
- Exclusions
- Open questions and assumptions
- Best-case labor hours
- Likely labor hours
- Worst-case labor hours
- Internal labor cost per hour
- Materials and equipment costs
- Subcontractor costs
- Travel and site costs
- Overhead percentage
- Overall risk level
- Target profit margin
- Revision and approval terms
- Payment preferences
You'll get
- Project scope, deliverables, and exclusions defined
- Best, likely, and worst-case labor estimates calculated
- Direct costs and overhead included
- Major uncertainties rated
- Contingency amount documented
- Fixed price and margin calculation completed
By the end of this playbook
You will have:
- Project scope, deliverables, and exclusions defined
- Best, likely, and worst-case labor estimates calculated
- Direct costs and overhead included
- Major uncertainties rated
- Contingency amount documented
- Fixed price and margin calculation completed
Sample
This is sample data, not your prompt. Pro unlocks this higher-stakes Playbook. On Free Playbooks you can still copy the assembled prompt into any AI.
Sample input
Project: Six-week retail display build and installation at one location. Likely labor: 52 hours. Best case: 44 hours. Worst case: 68 hours. Internal labor cost: $55 per hour. Materials and equipment: $900. Subcontractor: $600. Travel and site costs: $240. Overhead: 12 percent. Risk: High because final measurements and loading access aren't confirmed. Target margin: 25 percent. Revisions: Two combined rounds. Payment: 40 percent deposit, 40 percent before installation, 20 percent after walkthrough.
Sample assembled prompt
Recommended fixed price: $7,900 Likely direct... Excluded: Electrical work, wall repairs, permit... Change-order triggers: Changed measurements after approval,... Payment schedule: 40 percent to book,...