Quotation Estimate Mathematician in Indonesia Jakarta –Free Word Template Download with AI

Quotation Estimate No.:	QTE/2025/JKT/00472
Date of Issue:	15 June 2025
Valid Until:	15 July 2025 (30 calendar days)
Prepared For:	PT. Artha Teknologi Nusantara Jl. Gatot Subroto No. 88, Jakarta Pusat 10270, Indonesia Jakarta
Attn:	Mr. Budi Santoso, Head of Research & Development
Project Reference:	Advanced Mathematical Modelling for Financial Risk Analytics
Prepared By:	Dr. Ratna Wijaya, Senior Mathematician & Project Lead

1. Scope of Services – Mathematician Engagement

This Quotation Estimate is issued by PT. Numerika Solusi Indonesia to formally outline the professional services to be rendered by a qualified Mathematician in support of the client's research and development programme. The engagement is based in Indonesia Jakarta, specifically at the client's premises located in Jakarta Pusat, and encompasses the following deliverables and activities:

No.	Description of Mathematician Services	Duration	Rate (IDR)	Subtotal (IDR)	Notes
1	Initial consultation and mathematical feasibility study for stochastic modelling of portfolio risk. The Mathematician will conduct a comprehensive literature review and propose suitable analytical frameworks.	2 weeks	25,000,000	50,000,000	On-site, Jakarta
2	Development of differential equation models and Monte Carlo simulation algorithms. The Mathematician will design, derive, and validate all mathematical formulations in collaboration with the client's data engineering team.	6 weeks	35,000,000	210,000,000	On-site + remote
3	Statistical analysis, hypothesis testing, and Bayesian inference implementation. The Mathematician will perform rigorous numerical computations and provide peer-reviewed quality documentation of all derivations.	4 weeks	30,000,000	120,000,000	On-site, Jakarta
4	Optimisation problem formulation and solution using convex and non-convex methods. The Mathematician will deliver a complete mathematical proof of convergence and sensitivity analysis report.	3 weeks	32,000,000	96,000,000	Hybrid
5	Final technical report, presentation to stakeholders, and knowledge transfer session. The Mathematician will present all findings, mathematical proofs, and recommendations to the client's executive board in Indonesia Jakarta.	1 week	20,000,000	20,000,000	On-site, Jakarta
6	Post-delivery support and mathematical advisory (on-call basis). The Mathematician will be available for clarification, model refinement, and answering technical queries for a period of three months following project completion.	3 months	15,000,000	45,000,000	Remote / on-call
TOTAL ESTIMATED COST (Before Tax)				541,000,000
VAT (PPN) 11% – Indonesia Jakarta jurisdiction				59,510,000	Per PP No. 55/2022
GRAND TOTAL (IDR)				600,510,000

2. Mathematician Qualifications and Credentials

The Mathematician assigned to this project, Dr. Ratna Wijaya, holds a Ph.D. in Applied Mathematics from the University of Indonesia (UI), Jakarta, with a specialisation in stochastic processes and numerical optimisation. She possesses over fifteen years of professional experience in quantitative research, mathematical modelling, and computational analysis. Her credentials include publications in the Journal of Mathematical Analysis and Applications, membership in the Indonesian Mathematical Society (HIMATI), and prior engagements with leading financial institutions operating in Indonesia Jakarta. All work performed under this Quotation Estimate will be executed in strict compliance with the client's intellectual property policies and data confidentiality agreements.

3. Terms and Conditions of This Quotation Estimate

This Quotation Estimate is valid for thirty (30) calendar days from the date of issue. Beyond this period, all rates and terms are subject to revision without prior notice.
Payment terms: 40% advance payment upon acceptance of this Quotation Estimate, 35% upon completion of the core modelling phase (Item 2), and 25% upon final delivery and acceptance of all deliverables. All payments shall be made via bank transfer to the account of PT. Numerika Solusi Indonesia, Bank Mandiri, Indonesia Jakarta branch.
The Mathematician shall devote a minimum of forty (40) working hours per week during on-site phases. Any additional hours beyond the agreed scope will be billed at a rate of IDR 1,250,000 per hour, subject to prior written approval by the client.
All mathematical documentation, source code, proofs, and reports produced under this engagement shall become the exclusive property of the client upon full payment. The Mathematician retains the right to reference the work in academic publications only with the client's written consent.
This Quotation Estimate does not constitute a binding contract until a formal Service Agreement is executed by both parties. The terms herein are indicative and subject to final negotiation.
Force majeure events, including but not limited to natural disasters, government-mandated closures, or public health emergencies affecting Indonesia Jakarta, shall suspend project timelines proportionally without penalty to either party.
Any disputes arising from this Quotation Estimate or the subsequent engagement shall be resolved through mediation in Jakarta, Indonesia, in accordance with the laws of the Republic of Indonesia.
The client agrees to provide all necessary data access, workspace, and logistical support required for the Mathematician to perform the services described in this document.

4. Acceptance and Authorisation

By signing below, the client acknowledges receipt of this Quotation Estimate and confirms that the scope, rates, and terms outlined above for the Mathematician services in Indonesia Jakarta are acceptable. This signature does not yet constitute a binding contract but serves as a formal expression of intent to proceed to the Service Agreement stage.

For and on behalf of PT. Numerika Solusi Indonesia

Dr. Ratna Wijaya
Senior Mathematician & Project Lead
Date: _______________

For and on behalf of PT. Artha Teknologi Nusantara

Mr. Budi Santoso
Head of Research & Development
Date: _______________ ⬇️ Download as DOCX Edit online as DOCX

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