Originally posted by thunderlizard
View Post
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Reply to: Giving Estimates
Collapse
You are not logged in or you do not have permission to access this page. This could be due to one of several reasons:
- You are not logged in. If you are already registered, fill in the form below to log in, or follow the "Sign Up" link to register a new account.
- You may not have sufficient privileges to access this page. Are you trying to edit someone else's post, access administrative features or some other privileged system?
- If you are trying to post, the administrator may have disabled your account, or it may be awaiting activation.
Logging in...
Previously on "Giving Estimates"
Collapse
-
-
Well you'd better get cracking if you've got 125 days work to fit into your 3 months!
Leave a comment:
-
Just to let you know the great news.
The contract extension of 3 months has been approved today!
Leave a comment:
-
Okay - quick update because the tulip is semi hitting the fan around here. I put together a quick document with the two options and outlined benefits - emailed Thursday night. Chatted to the guy managing the project first thing on Tuesday morning.
My two options are 60 days and 125 days - originally 110 days but put up by the chap managing the project.
People here are quickly realising that in the 17 days remaining on the contract, neither option is going to happen. There is loads of politics around renewing contractors right now - 5/6 stages of approval. Yes, I am at one of the big banks.
I will keep you updated. Thanks for the help.
Leave a comment:
-
I've a reasonably intelligent client, so when asked for an estimate, I give them a curve. I.e. if I think it will take 10 days, I'll say 8-15 days, with highest probability being 10. I then get a call-off contract for 15 days - they don't have to use it all.
If on day 6, it looks like I've nearly finished, I'll spend more time surfing.
I recommend reading Yourdon - Death March It gives excellent advice on being in not just death march project environments, including a whole chapter on negotiations.Last edited by NotAllThere; 23 March 2008, 07:06.
Leave a comment:
-
First rule of estimating: don't let them rush you into it. Even when they say "don't worry, just a very rough ballpark estimate, I won't hold you to it" - they will.
You can caveat all you like and say "best case scenario 4 months +- 20%, worst case 6 months +- 30%": they will write down "4 months" and there will be no going back.
I don't generally agree with the "double it and add some" game - because one of 2 things often happens. Either they've played the game before, and knock you down, and you're back where you started. Or else they'll say "blimey, that's more than twice as costly as we thought - better bin the project now!"
Another approach is to give them a draft plan that you've clearly thought about, and that's broken down to a reasonable degree. Then if you get challenged with "we need it done in half the time" you can say "OK, which of these steps would you like me to skip?". If you can justify your estimates semsibly, nobody's going to force you to cut them. By all means build in some contingency within that though: especially since you're worried you'll underestimate in your enthusiasm, which is indeed the most common newcomer mistake.
Good luck,
tl
Leave a comment:
-
Originally posted by TheFaQQer View PostFix the scope at the start, and then fleece them on change control.
Seems to work fine for certain large companies supplying the government.
Tender in haste, repent at leisure. Myself I'd have declined to tender on the limited info presented here. I'd have put forward a "best guess" plan with key deliverables, milestones, projected end date and offered a day rate for the duration. It's upto the client then. Anything else would be too risky without a detailed spec to tender against from the client.
Leave a comment:
-
Originally posted by Fred Bloggs View PostFixed price is a potential financial disaster with such a woolly scope. Endless arguments about what was in scope and what was out of scope.
Seems to work fine for certain large companies supplying the government.
Leave a comment:
-
Fixed price is a potential financial disaster with such a woolly scope. Endless arguments about what was in scope and what was out of scope.
Leave a comment:
-
Originally posted by Platypus View PostNope, commercial. You tell client it will cost between X and Y, then they expect to get it for X even on a T&M project.
Best to caveat the SOW to death, then PCR the client when it all goes t*ts up!
Surely this is common?
Leave a comment:
-
Originally posted by oracleslave View PostPublic sector?
Best to caveat the SOW to death, then PCR the client when it all goes t*ts up!
Surely this is common?
Leave a comment:
-
Originally posted by Platypus View PostHumm... IMO people only ever see the best case scenario (i.e. they ignore the worst case scenario).
Leave a comment:
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Reports of umbrella companies’ death are greatly exaggerated Nov 28 10:11
- A new hiring fraud hinges on a limited company, a passport and ‘Ade’ Nov 27 09:21
- Is an unpaid umbrella company required to pay contractors? Nov 26 09:28
- The truth of umbrella company regulation is being misconstrued Nov 25 09:23
- Labour’s plan to regulate umbrella companies: a closer look Nov 21 09:24
- When HMRC misses an FTT deadline but still wins another CJRS case Nov 20 09:20
- How 15% employer NICs will sting the umbrella company market Nov 19 09:16
- Contracting Awards 2024 hails 19 firms as best of the best Nov 18 09:13
- How to answer at interview, ‘What’s your greatest weakness?’ Nov 14 09:59
- Business Asset Disposal Relief changes in April 2025: Q&A Nov 13 09:37
Leave a comment: