The language industry calculates the translation word count using new words, repeated words, and fuzzy matches. Typically, words within documents are not always unique and often repeated. Stepes translation software can automatically capture repeated words within single or multiple documents. We price repeated words at 20% of new word rates, which can lead to significant per-word cost reductions. We also use translation memory to leverage previously translated text to save translation costs while maintaining linguistic consistency. Translation memory matches (also called fuzzy matches) are expressed using the following metrics:

ICE stands for In-Context Exact match.

Some translation companies charge a flat fee per 1000 words for document translation. While this is a straightforward pricing method that is easy to understand and is acceptable for companies that do not process large amounts of translation projects, it can become much more costly over time for companies that translates large volume of content. One major issue with the per thousand-word pricing model is that it disregards the cost savings for repeated content and translation memory leverage. For global enterprises that process many translation projects, translation memory cost savings can sometimes mean 50%  translation cost reductions.

Legal translation services command higher per-word fees because legal translators must have legal expertise (often with specialized legal training) and linguistic knowledge to deliver the most accurate results. The language industry usually charges 20% or more for legal document translation and localization. Stepes provides both standard and certified legal translation services in over 100 languages. To learn more or to obtain a legal translation pricing quote, please click here.