Time Valuer / Resources / Glossary / Cost-plus pricing
Cost-plus pricing
Setting a price by adding a margin to the full cost of the work.
Price your time, activities and goals.Free on iPhone. Private by design.
What it means
Cost-plus pricing is the safest way to quote, because it starts from what the work really costs. The weak point is a wrong cost, and time is the cost most often guessed.
Pricing hours from real profiles fixes that.
Example
| Cost in time | $12,212 |
| + 40% | $4,885 |
| Price | $17,096 |
In Time Valuer
Time Valuer's Margin Strategy adds a margin to the time cost of any project to give a quote.
Related terms
Questions and answers
What is cost-plus pricing?
Setting a price by adding a margin to the full cost of the work.
Know what every hour is worth. Download Time Valuer for iPhone.