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First time when you need translation services price formation may seem not very clear for you as a client. Therefore, today we are going to learn how to calculate translation costs.
If you’re looking for professional translation services, before contacting a translation agency or a freelance translator, you might want to run a short online survey to find out how to calculate translation costs.
Translation service providers use different methods to calculate translation costs. The methods may vary depending on the company / contractor or even the country of location.
For instance, translation agencies in Russia and CIS countries tend to calculate translation costs using the so-called conventional translation page. This page may consist of one thousand, one thousand 6 hundred or one thousand 8 hundred characters with spaces. The most common page size is one thousand 8 hundred characters.
The European and US translation companies use per word calculation basis. In this case, standard translation page consists of ~ two hundred and fifty words (primarily for English source texts). Therefore, to calculate the cost of translation you need to find out the word count of your document.
To find out the number of words in your document (we mean MS Word document) you need to get the document statistics.
When you are typing the text, Word automatically counts the number words in your document and displays them on the status bar in the left bottom part of the document workspace.
If you don’t see the word count in the status bar, right-click the status bar, then and click Word Count.
You can also count the number of words in a selection or selections. The selections don’t need to be next to each other. The status bar displays the number of words in the selection. For example, one hundred and forty-seven / eighth hundred and forty-nine means that the selection includes one hundred and forty-seven words with the total number of words in the document being eight hundred and forty-nine.
How to include text in footnotes, endnotes, and text boxes in the word count: on the Review tab, in the Proofing group, click Word Count. In the Word Count dialog box, select the Include textboxes, footnotes, and endnotes check box.
Now that you know the number of words, let’s calculate translation cost for your document.
For instance, I offer $0.10 (ten cents) per word for my translation services. Let’s assume that you have 2,300 (two thousand three hundred) words in the document:
2,300 * $0.10 = $230 (two hundred and thirty).
Next time when you need to calculate the cost of translation you may find the word count and multiply it by translation rate of your service provider.
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