[Client.FirstName][Client.LastName]
[Client.Company]
Budget Proposal Template
[Project.Name]
[Document.CreatedDate]
This Budget Proposal provides necessary costs associated with the [Project.Name] project (the “Project”) which we would like to pursue due to (add corresponding reasons). Costs for the Project have been itemized in this Budget Proposal below and justification has been provided for each cost element. Should you have any questions related to this Budget Proposal, please don’t hesitate to contact the undersigned.
Project description
Period of performance
The budget set forth in this Budget Proposal covers the period of performance for the project or (add a corresponding number) months of effort..
Cost elements
The following are necessary cost elements of the Project:
Direct Labor
| Title or Labor Category | Name of Contractor or Employee | Contractor or Employee? | Burdened Hourly Rate | Number of Hours | Amount Requested |
|---|---|---|---|---|---|
| Filming | David Jones | Contractor | $60 | 5 | $300 |
| Subtotal | $1,800 | ||||
| Total | $1,800 | ||||
Justification:
Equipment & Materials
| Item Description | Quantity | Unit Price | Extended Price |
|---|---|---|---|
| Camera stabilizer grip | 2 | $150 | $300 |
| Camera stabilizer | 2 | $900 | $1,800 |
| Subtotal | $2,100 | ||
| Total | $2,100 | ||
Justification:
Travel & Misc. Expenses
| Expense Type | Description | Unit Price | Extended Price |
|---|---|---|---|
| Tickets | 4 plane tickets to Monterey | $200 | $800 |
| Hotel booking | Reservation of 2 rooms for 5 nights | $290 | $2,900 |
| Subtotal | $3,700 | ||
| Total | $3,700 | ||
Justification: (provide the rationale behind the request for these resources).
COST SUMMARY
Given the above, the total cost for the Project is estimated as follows:
| Cost Element | Total Estimated Cost |
|---|---|
| Direct Labor | $1,800 |
| Equipment & Materials | $2,100 |
| Travel & Misc. | $3,700 |
| Subtotal | $7,600 |
| Total | $7,600 |
This budget was developed by [Sender.FirstName][Sender.LastName] with input from the broader team (add a description of the broader team that supported this estimate). By my signature below, I hereby certify that this Budget Proposal reflects my best estimate of the true and necessary costs for the Project, and the information provided herein is accurate, complete and current as of the date of my signature below.
[Sender.Company]
Signature
MM / DD / YYYY
[Sender.FirstName][Sender.LastName]