Estimate Products Overview

Estimate products enable you to add a collection of line sets, tasks, and role requests to an estimate as a product. They accelerate the estimate creation process when standard groups of services products are commonly sold together. Estimate products utilize estimate templates, which are added to estimate products as estimate product items. When you add an estimate product to an estimate, the records from the estimate templates that were added to the estimate product as estimate product items are added to the estimate. Utilizing estimate templates is useful, because if multiple estimate products contain the same template, this means the template can be edited and all estimate products containing the template will be updated.

Example:

An org has estimate products for implementation, training, and delivery. An estimate template named Sign Off is added to each of these estimate products as an estimate product item. A role request for a Project Manager is added to the Sign Off template, which then updates all three estimate products with the new role request.

The hours multiplier for all estimate products is set as one by default. You can change the value in the Hours Multiplier column of an estimate product to greater than one, to multiply the hours of the associated role requests by that value. For more information, see Estimate Product Fields, Estimate Role Request Fields, and Estimate Builder Lightning Component Properties.

Billing Types and Schedules

Estimate products also utilize billing types, so you can choose whether the billing type of an estimate product is "Time and Materials" or "Fixed Price". The billing type of the estimate is automatically updated according to the billing type of the role requests contained in the estimate. Role requests that are independent of estimate products default to "Time and Materials". If there are no role requests on an estimate product on the estimate, the estimate billing type defaults to Time and Materials.

If an estimate product has a billing type of "Fixed Price", the following billing frequencies are available:

• "Line Set End Date" - billing will occur on the specified end date of the associated line set.
• "Estimate Product End Date" - billing will occur on the specified end date of the associated estimate product.
• "Monthly" - billing will occur monthly from the estimate product start date.

The default billing frequency is Line Set End Date.

You can also set an upfront billing percentage. A new milestone will be created if you set a percentage for upfront billing. This will occur on the project start date.

You can preview all billing schedules for an estimate in the Create Project window.

Fixed price estimate products and their records use the fixed price margin and the relevant rate card's cost rate or cost rate override to calculate the net bill amount. Estimate products billed as "Time and Materials" use the bill rate or bill rate override and any discounts to calculate their net bill amounts and margin. If an estimate product has a default billing type or fixed price margin, this can be changed for each individual estimate product that is added to an estimate.