Free pitch calculator
Is this pitch worth it?
Work out what a pitch will cost you, check it against a sensible ceiling, and see whether the expected return justifies the spend. It uses the same method as the Bid Tool. Nothing you type leaves your browser.
How the calculator works
Pitch budget
Hours × hourly rate for each person, plus other pitch costs, plus contingency on top of both.
Ceiling
A share of the client's budget that you're prepared to spend winning the work (2% by default). Going over isn't always wrong, but it should be a deliberate choice.
Expected return and the worth-it check
Expected return = your margin if you win × your chance of winning. If the pitch budget is up to 50% of the expected return, it's worth it. Between 50% and 100% it's marginal. Over 100%, pitches like this lose money on average.
Break-even win chance
Pitch budget ÷ margin if you win. It's the win rate you need on bids like this one just to cover what you spend pitching for them.