Project Manager Estimate Template (Free)

Project managers send a proposal or quote before an engagement starts, usually after a discovery call about the project's goals, timeline, and team. Clients typically compare your rate, the number of hours or months you propose, and how clearly you define what you will and will not do. A good quote sets expectations about scope and authority as well as price.

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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
$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 Project Manager quote

  • Project scope and objectives being managed

    Defines what project you are responsible for delivering, so the client does not assume you also own design, development, or other specialist work.

  • Your specific responsibilities and deliverables

    Listing items such as project plan, weekly status reports, risk log, and budget tracking prevents disagreement over what is included.

  • Estimated hours, duration, or retainer allotment

    Gives the client a basis for budgeting and shows when the hours or time period will be exceeded.

  • Client responsibilities and turnaround times

    Delays from late feedback or approvals are a leading cause of overruns, so state how fast the client needs to respond.

  • Assumptions about team size, tools, and meeting cadence

    A quote built for a five-person team and weekly meetings will not hold if the project grows to fifteen people and daily standups.

  • Change request process and overage rate

    Sets the rule for how added work is approved and priced before it begins.

  • Expenses and who pays for software or travel

    Avoids surprise charges and clarifies whether tools are covered by you or the client.

Project Manager rates to quote from

ServicePricedTypical range
Hourly project management (general)per hour$60-130
Senior or certified PM (PMP, IT, construction)per hour$100-200
Part-time monthly retainer (20-40 hours)per month$2,000-5,500
Project planning and kickoff packageflat fee$1,500-6,000
Project audit or recovery assessmentflat fee$2,000-7,500
Scrum master / agile coachingper hour$80-170
Day rate for on-site or embedded workper day$600-1,400
Status reporting and PMO setupflat fee$1,000-4,000

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

Pricing your quotes

Quote a range with assumptions for open-ended projects

If the scope is unclear, give an estimated hour range and list what it depends on, such as number of vendors or stakeholders. Offer to revisit the estimate after a two-week planning phase.

Start with a paid discovery or planning phase

A fixed-fee planning package lets you define scope and timeline with real information, then price the delivery phase more accurately.

Add a buffer for coordination time

Meetings, follow-ups, and status reporting often take more time than expected. Build a 10-20% allowance into your estimate rather than discounting your rate.

Offer a retainer option alongside hourly

Presenting both lets the client choose between flexibility and a lower effective rate, and often moves them toward the retainer you prefer.

Project Manager estimate FAQ

How many hours should I estimate for a project?

A common rule is that project management takes about 10-20% of total project effort, depending on complexity and team size. Use that as a starting point, then adjust based on the number of stakeholders, vendors, and reporting requirements.

Should I give a fixed price or an hourly estimate?

Use a fixed price only when scope and deliverables are clearly defined, such as a planning package or audit. For ongoing delivery management, an hourly estimate or capped retainer protects you if the project changes.

How long should a quote stay valid?

Thirty days is typical. Project timelines and your availability shift, so an expiration date keeps you from being held to old pricing and a start date you can no longer meet.

What should I do if the client wants a lower price?

Reduce scope or hours rather than your rate. For example, drop weekly reporting to biweekly or limit your involvement to a defined phase, and update the quote to reflect the change.

Job done and ready to bill?

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

Project Manager invoice template

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