View attached explanation and answer. Let me know if you have any questions.
Surname 1
Name
Instructor
Institution
Course code
Date
Design Project Pricing Table (for an entry-level freelance graphic designer based in
California)
Design Task
Estimated time (hours)
Estimated Cost
Initial Consultation
2
$100
Concept Development
8
$400
Design Presentation
2
$100
Design Revisions
6
$300
Final Design
4
$200
Total
22
$1000
•
The above table is a sample pricing table for a design project, which
includes the various tasks a freelance graphic designer would need to complete to
create the design.
•
The initial consultation involves meeting with the client to understand
their design needs and preferences, which would take about 2 hours and cost $100.
•
Concept Development involves creating multiple design concepts for the
client to choose from, which would take about 8 hours and cost $400.
Surname 2
•
Design Presentation involves presenting the concepts to the client for
feedback, which would take about 2 hours and cost $100.
•
Design revisions involve rating the client’s feedback and making any
necessary changes to the design, which would take about 6 hours and cost $300.
•
Final design involves finalizing the design and preparing the necessary
files for printing or digital use, which would take about 4 hours and cost $200.
•
The cost of printing the flyer would depend on the printing specifications
chosen by the client, such as the type of paper, size, and printing method. The client
would typically bear this expense.
•
The cost of stock photos also depends on the client’s preferences and
requirements. If the client requires specific stock photos, the cost of those photos
would be added to the total project cost. If the client agrees to use royalty-free stock
photos, then the cost of stock photos would be borne by the designer.
It’s important to note that these are just estimated costs and that actual prices may vary
based on the specific project and the client’s location. It’s also important to remember that as a
freelancer, you may need to consider additional expenses such as equipment, software, and
marketing costs. When working at a design firm, the company may cover these expenses.
Factors considered to calculate the cost of work
•
Calculating the work cost involves considering various factors to ensure that all
costs are accounted for and that the final estimate is accurate and realistic. Here are the primary
considerations that I would include in my calculation:
Surname 3
•
Direct costs: Direct costs are expenses directly related to the work performed,
such as labor, materials, and equipment. I need to consider the number of workers needed, their
hourly rates, and the materials required to complete the job.
•
Overhead costs: Overhead costs are indirect expenses necessary for the project
but cannot be directly attributed to it, such as rent, utilities, and insurance (Delgado, Cynthia et
al. 270). I would estimate these costs and allocate them to the project based on the proportion of
time and resources it uses.
•
Contingency: Contingency is an amount set aside to cover unexpected expenses
or changes in the project scope. Therefore, this is typically a percentage of the total project cost,
and it helps to ensure a cushion to handle unexpected costs.
•
Profit margin is the amount added to the project’s cost to cover the company’s
overhead and provide a return on investment (Delgado et al., 270). Therefore, this istypically a
percentage of the total project cost and is factored into the final estimate.
•
Time: Time is a crucial factor in calculating the cost of work. I need to consider
the amount of time required to complete the project, including the direct time spent on the work
and the indirect time spent on planning and management.
•
Equipment: Equipment costs would need to be considered, including purchasing
or renting any specialized equipment required for the job and maintenance and repair costs.
•
Permits and fees: Depending on the nature of the project, permit and fee
requirements would need to be considered (Butt et al., 171). These costs include building
permits, inspection fees, and other regula…
