How to modify a quote

[veg_all]

I quoted a price for a client to do a php database project . After
spending a few hours on it I realize I underestimated how much time it
would take. I would like to revise my quote to double my original
estimate. Is this ok to do or am I held fimly to my original quote?

[Geoff Berrow]

Message-ID: <11*********************@g44g2000cwa.googlegroups. com> from
ve*****@yahoo.com contained the following:

I would like to revise my quote to double my original
estimate. Is this ok to do ?

No. Chalk it up to experience.
--
Geoff Berrow (put thecat out to email)
It's only Usenet, no one dies.
My opinions, not the committee's, mine.
Simple RFDs http://www.ckdog.co.uk/rfdmaker/

[d]

"Geoff Berrow" <bl******@ckdog.co.uk> wrote in message
news:8b********************************@4ax.com...

Message-ID: <11*********************@g44g2000cwa.googlegroups. com> from
ve*****@yahoo.com contained the following:

I would like to revise my quote to double my original
estimate. Is this ok to do ?
No. Chalk it up to experience.

Exactly. It's a good way to learn to never do it again :)
--
Geoff Berrow (put thecat out to email)
It's only Usenet, no one dies.
My opinions, not the committee's, mine.
Simple RFDs http://www.ckdog.co.uk/rfdmaker/

[Jon]

As part of your job is to make sure you're doing as full an assessment of a
project/job as possible before quoting, for the most part, you're stuck with
this. I wouldn't say you can't up the price a bit (Definitely not DOUBLE),
but any increase would need to be fully justifiable and you better be able
to explain why your original quote is off the mark. And saying "I didn't
plan it out properly" won't be a viable excuse.

Honestly, like the other two posters on this topic said, you're stuck with
this price. I've done it before, never where it was needing to be doubled,
but we've quoted things out where in the end, we barely made any money. It
happens.

<ve*****@yahoo.com> wrote in message
news:11*********************@g44g2000cwa.googlegro ups.com...

I quoted a price for a client to do a php database project . After
spending a few hours on it I realize I underestimated how much time it
would take. I would like to revise my quote to double my original
estimate. Is this ok to do or am I held fimly to my original quote?

[Jerry Stuckle]

ve*****@yahoo.com wrote:

I quoted a price for a client to do a php database project . After
spending a few hours on it I realize I underestimated how much time it
would take. I would like to revise my quote to double my original
estimate. Is this ok to do or am I held fimly to my original quote?

This really belongs in a business-related newsgroup such as
alt.computer.consultants.moderated.

In my "real job" I build quotes almost daily. And I have to quote both
parts and equipment. While I can control labor rates, I can't always
control how long it will take (unexpected problems, etc.). And I can
never control my parts cost.

Once you've given them a firm quote, the only way you can change the
quote is if there is a change in the requirements - that is, the
customer requests a change and you agree to do it for $X. If it takes
less than the quoted time, you get to enjoy the "bonus". But if it
takes longer, you have to eat the overrun.

Chalk it up to a well-learned lesson. But don't take any shortcuts in
doing it; make it the best you can.

--
==================
Remove the "x" from my email address
Jerry Stuckle
JDS Computer Training Corp.
js*******@attglobal.net
==================

[Chung Leong]

Was it just a price quote or was a contract signed already?