Sample Project Proposal For New Product Development To Commercialization Page 3

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7. Test market the product. Modify and refine the product offering as required for
the final marketing launch.
8. Negotiate agreements for sale with targeted customers
Project Cost
Professional fees to coordinate and complete all steps of this comprehensive market
research and product development project are estimated at …….
Notes:
-
Project cost estimate does not include GST, incidental expenses, or external test
costs.
-
Fees are based on a daily rate.
-
Any incidental expenses over $xx would be discussed for approval in advance.
-
Any significant changes in the project cost, will be discussed with the client as
soon as possible.
Prepared by: RJBergstra
MTN Consulting Associates
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