![]() ![]() The data suggests that on average, the highest price per word is found in translation service for Japanese (USD 0.25). While of all, the lowest-paid was simplified Chinese translator services, the midpoint rate for Spanish is USD 0.18 per word making it the cheapest of the most popular languages translated. The situation with the average price, is, however, different. The midpoint among the highest rate was Portuguese translation services at the price of USD 0.49 per word. The maximum price was as high as USD 0.61 for translation in Arabic, Japanese and Korean as target languages. ![]() The lowest prices for translation were found in Chinese (USD 0.08), followed by Spanish and French (USD 0.09). The price range among the minimum price offers was from USD 0.08 to 0.14 per word. The data was retrieved from the GSA’s eLibrary in 11 most popular languages: simplified Chinese, Japanese, Polish translation, Korean, Arabic, Spanish, French translation, German, Italian document translation, Portuguese, and Russian. By comparing the current data with the previous years it is possible to see a bigger picture and more accurate information on the price range in the field. Most of the companies are small businesses and only a few are international corporations. Back in 2018, there were over 90 companies on the list including Lionbridge and LanguageLine and smaller companies. Currently, there are 20 contractors in translation services. Translation in GSA’s procurement is under the category of language services, which in turn falls under the section of professional services. After that, a company can access the database and take part in the bidding process by submitting a proposal that includes the price list for the services. All of its providers are required to pass certification to the high quality delivered. It was designed by the General Services Administration (GSA), which is the centralized agency of the US government that helps to support the federal agencies with real estate, products, and services supply. The system is aimed at ensuring transparency so anyone can access it and review the available offers. The US government has an extensive database that contains the prices for numerous goods and services including translation. Translation Price Range According to the GSA However, the word count still prevails in price formation in most of the language services keeping the average translation rate USD 0.22 per word. This is the reason why the new ways for pricing such as the hourly rate or subscription-based model have appeared. It raised a question of whether the traditional rate per word can truly reflect the worth of the work. The new technologies such as machine translation made the work of translators relatively easier and faster. What is the average translation rate across the US? This question seems straightforward but a closer look reveals that there are multiple ways to answer it. Accurately transcribed audio and video recordings by industry experts. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |