Free template · Quote Comparison Sheet

Quote Comparison Sheet: compare five things before the price

Two hardware quotes can look alike and cover very different work. Before you compare prices, compare deliverables, exclusions, the timeline, the payment milestones and what the prototype must do before the next payment. Score up to three quotes side by side, then add what each one leaves out.

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The 10 questions

Ask every quote the same ten questions

Five checks, two questions each. The PDF adds what a good answer sounds like and the red flag for each, plus a grid to score three quotes and work out the real total.

A

Deliverables

2 items
  1. 01
    Which files will I receive, and in which formats?Files decide whether you can fix, switch partners or reorder later.
  2. 02
    How many prototype units, at which stage?Unit counts decide how much testing you can do.
B

Exclusions

2 items
  1. 03
    What is not included?Excluded work still has to be paid for, by you.
  2. 04
    Who pays for parts and prototype builds?Parts and builds can add a lot to the fee.
C

Timeline

2 items
  1. 05
    What is the date for each milestone?Milestone dates show whether the plan is real.
  2. 06
    What moves the dates, and who decides?Every hardware plan meets delays; good firms name them.
D

Payment milestones

2 items
  1. 07
    What do I pay at each milestone?Payments tied to results keep both sides focused.
  2. 08
    What happens if a milestone fails?You want the fix before the next payment.
E

What the prototype must do

2 items
  1. 09
    What must the prototype do before the next payment?A pass condition turns “working” into something you can check.
  2. 10
    How will we test it, and who signs it off?You should see the test, not just hear about it.

Download the Quote Comparison Sheet (PDF)

Every question with the good answer and the red flag, a grid to score three quotes, and the real total once exclusions are added.

Prefer a spreadsheet? Submit the form and you also get the Excel version and a Google Sheets copy. It scores three quotes and works out the real total for you.

FAQ

Questions about comparing hardware quotes

How do I compare quotes for a hardware product?

Compare five things before the price: the deliverables, the exclusions, the timeline, the payment milestones, and what the prototype must do before the next payment. Score each quote on the same ten questions.

Why is the cheapest quote not always the cheapest?

A quote that leaves out certification, tooling, parts or app work still leaves you to pay for them. Add what each quote leaves out to its price to see the real total.

What should a hardware development quote include?

A list of files and prototype units by milestone, a written list of exclusions, a date for each milestone, payments tied to results you can see, and a written pass condition for the prototype.

Is the sheet free?

Yes. The questions are on this page. Enter your email to get the PDF, plus the Excel version and a Google Sheets copy.

Want an engineer to read your quotes with you?

Bring them to a free 30-minute call. We will tell you honestly what each one covers and what it leaves out.