What estimate vs quote means
An estimate is an approximate price that can change; a quote or bid is a firm price for a defined scope. A proposal usually adds scope, terms and options.
Also called estimate, quote, bid, proposal.
Where it shows up in your business
Customers often treat any number you give as firm. Label your document clearly, and say what could change the price and how changes are handled.
Work it out
- Free calculator: Estimate generator
- Free template: Estimate template
- Money: Money guides for contractors