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Important notes on estimates

 

Please note the difference between an Estimate and a Quotation (or a Quote).

An Estimate is not the same as a Quotation in that the price quoted in a Quotation is fixed, and the price given in an Estimate is not fixed.

An Estimate is therefore just a calculated idea of the final cost, which may vary up or down ultimately, according to the time taken and the materials required.

A Quotation is a fixed price agreed upon prior to commencement of the work.

If the work is straightforward then a Quote is usually given, but if the work has unknown variables then an Estimate is given.

In any event, if any unforeseen cost arises during work the client is immediately informed and the matter is discussed prior to the continuation of any further work.

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