But eventually the client requests: "How much does it cost?"
You meet the pricing decision. Too much turns the client away, too little makes you pay for the project.
How much work is the project?
With Effort Prediction Reports you can estimate the size of project in ideal person days. This is the most basic statistic you need to know, whether you juggle multiple projects at once or fully concentrate on the single endeavor.
But future is uncertain !?
When you don't know much, you take the risk of being boldly wrong. Wrong price decisions have consequences: they cost. With Effort Prediction Reports you can choose the amount of risk you are willing to take.
Watch an introductory video on how to do an Effort Prediction Report and read the methodology paper. Then download a EPR template and start to estimate your project.