Manufacturing Estimate Template (Free)

Manufacturers quote before cutting any material, usually in response to a drawing, sample, or request for quote (RFQ). Customers often send the same RFQ to several shops and compare unit price, lead time, tooling cost, and quality documentation side by side.

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When to use estimates: Use estimates to provide project quotes and get client approval before starting work. Once approved, convert your estimate to an invoice with one click to collect payment.

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Invoice_1001_Client_2026-10-14.pdf

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INVOICE

#1001
$0.00
Due:

From

Your Business Name

Bill To

Client Name
Invoice Date
Due Date
Description
Qty
Rate
Amount
Description
1
$0.00
$0.00
Subtotal:$0.00
Total:$0.00

Terms & Conditions

Payment is due within 30 days of invoice date.

What to include in your Manufacturing quote

  • Part number, revision, and drawing or model reference

    Ties the price to a specific design so later revisions can be requoted rather than argued about.

  • Quantity breaks and annual volume assumptions

    Unit price depends on lot size, so listing prices at several quantities shows the customer where the savings are.

  • Material specification and who supplies it

    Alloy, grade, or resin type drives cost, and a substitution or customer-supplied material changes both price and liability.

  • Setup, tooling, and NRE charges

    Separates one-time costs from piece price and states who owns fixtures, molds, or dies after payment.

  • Tolerances, finishes, and inspection requirements

    Tight tolerances, coatings, and required reports add cost, and the quote should say exactly what was priced.

  • Lead time and delivery terms

    Customers compare shipping dates, and the quote should state whether it is ex-works or delivered, and who pays freight.

  • Quote validity period and material price clause

    Limits your exposure when raw material costs shift between the quote and the order.

Manufacturing rates to quote from

ServicePricedTypical range
CNC machining (mill or lathe) shop rateper machine hour$65-150
Manual machining or fabrication laborper hour$50-95
Welding and fabrication laborper hour$55-110
Production setup / programming (NRE)flat fee per job$150-1,500
Prototype part (simple, 1-10 pcs)per piece$40-400
Light assembly and kittingper hour$30-60
Inspection / first article reportper report$75-500
Custom fixture or tooling designper hour$75-150

Typical US ranges. Rates vary by region, experience, and job size.

Pricing your quotes

Build the price from real costs

Add material with scrap allowance, machine time at the correct shop rate, labor, outside services, setup divided by quantity, and overhead, then apply margin. Quoting from a guess is how shops lose money on repeat jobs.

Quote multiple quantity tiers

Show prices at, for example, 100, 500, and 1,000 pieces. Customers see the benefit of larger runs, and you get a chance to win a bigger order.

Price prototypes higher than production

Short runs absorb full setup and programming time. Say so on the quote so the customer understands why a 5-piece prototype costs far more per part than a later production run.

Add a buffer for outside services

Plating, heat treat, and coating vendors can raise prices or add lead time. Quote them at current cost with a handling markup and note that they are subject to vendor pricing.

Manufacturing estimate FAQ

Should I charge for quoting?

Simple quotes are usually free, but complex jobs that need engineering, design for manufacturability review, or sample parts often justify a quoting or engineering fee. It is common to credit that fee back if the customer places the order.

How long should a quote stay valid?

Typically 30 days, and shorter, such as 7 to 14 days, when the job depends on volatile metals or resin prices. State the expiration date on the quote.

Can I change the price if the customer changes the drawing?

Yes, if your quote references the drawing revision and says changes may affect price and lead time. Issue a revised quote for any new revision before work continues.

Do I need a deposit to start production?

For custom parts, new customers, or orders with expensive material or tooling, requesting 30-50% upfront is common. Put the deposit requirement on the quote so it is agreed before the order starts.

Job done and ready to bill?

Use the Manufacturing invoice template to bill the client, or convert this estimate once it's approved.

Manufacturing invoice template

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