Translation Economics – Pricing

32 minutes

Presentation reviews variety of issues involved in providing price/timeframe estimates for a proposed translation project. Several types of pricing and their applicability are analyzed, as well as numerous factors to be taken into consideration when setting translation price, such as form of presentation and content of the source material, special requirements, type(s) of effort required from the translator, timeframe, price prerequisites for quality and timely delivery and consequences caused by inaccurate pricing. Detailed analysis of translation operations for various project types is provided as a basis for mark-ups and surcharges. Special attention is given to the allocation and distribution of costs between the translator and the agency with emphasis on value-added services concept.