Use our late payment compensation calculator to calculate the amount. You have a statutory right to add interest and compensation to the debt you area owed by a commercial company. On behalf of Late Payment Letter Template 2: Second Chasing Letter The details of the outstanding invoices are as follows: Invoice No We are not aware of any disputes or reason for non-payment, therefore we would respectfully remind you that you have exceeded the trading terms for these outstanding amounts and we would be grateful to receive your remittance as soon as possible. It’s normal to ask for some sort of deposit or incremental payments (e.g., 30% at the start, 30% at the halfway point, and 40% after handoff) especially for longer projects.It has come to our attention that your account is overdue for payment. It’s always useful to write how long the project usually takes. Customers usually ask for quotes for projects that take more than one day. Prices for materials and workers may change over time, so you should always include an expiration date for your estimate. For example, if you’re working on building renovations, the local city council may require an inspection of your plans and materials. The number of hours required to complete a task.This section usually makes up the bulk of the estimate. Try to be as descriptive as possible with these.

Line items: breakdown the different parts of the project.

Standard info: date, estimate number (for organizing and future reference), company info.

Here’s a break down of what you need to include in your estimates: The templates are the same as the estimate templates here, except they say ‘quote’ in various places. Check out our dedicated quote template page.

Whether you prefer to give out quotes or estimates, we’ve got you covered. They both contain the same sections and information. As a document, quotes and estimates are essentially the same. On the other hand, construction companies and programmers give out estimates. For example, graphic designers and photographers typically give out quotes.

Which to use depends on your industry and the type of work you do. On the other hand, with an estimate, it’s understood that the end price may differ as the scope of the project becomes clearer. Even if you end up putting more time in than you expected. Your customers may perceive that you are sticking to that price when you give out a quote. One difference is that quotes are often used for fixed-cost projects, whereas estimates are more of an educated guess. Quotes, pricing quotes, or sales quotes are very similar to estimates.

Invoice letter template word