How #prototype cost is estimated?

This is one of the common questions we here almost every day, so Konstantin provided a quick answer in this video.

Here is a step-by-step process for estimating the cost of a prototype that our team follows:

1. An idea of how the prototype is going to be made is developed by engineers, designers, and prototyping specialists.
2. The cost of making and purchasing the components is calculated.
3. The amount of labor is estimated based on experience and past projects.
4. The risk factors are estimated that primarily depend on the prototype complexity and the possibility of scrap and unexpected problems along with their severity.
5. The anticipated profit is added.
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Every day we realize product ideas and turn them into business ventures. Seeing an idea in a draft, then a prototype, and finally a product reaching its end-users is very fulfilling and encourages us to go forward. Also, we believe in entrepreneurship and the American Dream. In fact, turning ideas into reality allows us to realize our dream – a company that can make a difference in the marketplace through product innovation.

LA NPDT is more than a product design and prototyping company. We are a cross-functional team of engineers, designers, marketing, and manufacturing specialists. Each team member brings technical expertise and years of field experience into every project. Such services as product design, prototyping, marketing, and small-batch manufacturing are available for our clients. This includes developing CAD models and PCB circuits, building prototypes, optimizing product designs for manufacturing, creating marketing materials (packaging, websites, renderings), and more.

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#LANPDT #ProductLaunch #prototyping #prototypedesign
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