Do you need some guidance on pricing in the translation market?
Here are some tips:
- ➢ Translation projects can either be quoted by words or by the hour. Beware of anything less than £0.12 a word or £40 per hour for a legal document as this may mean a compromise in quality.
- ➢ Proofreading/editing are charged by the hour. Beware of anything less than £40 per hour for a legal document.
- ➢ Always check for volume discounts.
- ➢ Some translators/agencies charge urgency rates. If your document is not urgent, ask whether the price would be cheaper if the deadline was longer.
- ➢ Some agencies offer complicated payment platforms, others even use Paypal with exchange and transaction fees at the cost of clients. You may want to check what payments they accept.
- ➢ In the translation sector, usual payment terms for businesses are 30 days upon the date of the invoice. For big projects, instalments are not unusual. If you are an individual, expect to be asked to settle the full price upfront.