Bid Estimate Template
If you are looking for an estimate template that is free to download, you should check out the bid estimate template. It is a beautiful and editable template that allows you to create estimates quickly and easily.
You can use this template to create estimates for freelance projects, small businesses, and large corporations.
Get Your Free Bid Estimate Template
Small businesses can not afford to spend a considerable amount of money on tasks like creating estimates, with free bid estimate templates from Billed; you can easily create and issue detailed and accurate estimates in just a few seconds. Download our free estimate template and start exchanging complete and accurate estimates with your customers immediately and ideally.
Our beautiful and editable bid estimates templates are available in Google Docs, Google Sheets, XLs, Word, and PDF, edit them, and email them to your customers.
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Download Free Bid Estimate Template
Free Bid Estimate Template
Do you want an estimate template with which you can quickly create and send complete and accurate estimates? Download this free bid estimate template and make your first estimates with just a few clicks.
Contractor Bid Estimate Template
Do you want to issue an estimate that contains all mandatory information and makes a professional impression on your customers? Then this contractor bid estimate template is a complete package.
Invoice With Billed
Print, download or send your estimate for free with Billed.
Invoice With Billed
Download the free professionally designed, fully customizable estimate template from Billed.
Handyman Bid Estimate Template
Do you want to calculate the amount of your estimates automatically? Then you should try this elegant and editable handyman bid estimate template. Its advanced features help you create and send estimates quickly and accurately.
Printable Bid Estimate Template
This printable bid estimate template is the easiest and most efficient to create and send detailed estimates to your customers. Its multiple functionality and several options ensure the accuracy of the estimate.
Invoice With Billed
Create a unique estimate in seconds with Billed and stand out from your competitors.
Job Bid Estimate Template
If your estimates templates are more complicated, you should try this easy-to-use job bid estimate template. It will allow you to create and send high-quality estimates to your customers in a professional manner.
Emergency Services Bid Estimate Template
Download a free emergency services bid template to personalize with your information. You can easily edit this professional-looking estimate template with the necessary information and send it to your customers.
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 Billed 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.
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, Billed 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 essential points 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 Bid 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 Bid Estimate Template from Billed
- 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 Bid 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 Bid Estimate Templates for free.