Per-engagement token and cost reference · Anthropic API direct billing · April 2026
Token estimates: 1 token ≈ 4 characters of English text. A 3-hour session transcript at ~150 words/min ≈ 27,000 tokens. An 80-page PDF ≈ 40,000–60,000 tokens depending on density.
Prompt caching (Tools 02–05): Uploaded documents are sent first in the API message with a cache marker. After the first call in a session, document tokens are re-read at ~10% of input price. Cache TTL is 5 minutes — brief pauses between questions will not miss the cache; extended breaks may.
Diligence Coach note: The $3.83 full-run figure assumes all 133 questions are generated fresh with documents attached. In practice, cached localStorage responses from prior sessions are free — typical cost per engagement is materially lower.
Observed vs estimated: A TDD Scorecard run with 3 large docs + 2 transcripts observed at $0.95 — consistent with the $1.17 estimate (variation due to actual vs assumed document sizes and output length).
Spend control: Set a monthly limit at console.anthropic.com → Settings → Billing → Spend limits.