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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 usually has a nominal sum, based on the specific circumstances of the work, added to the cost to allow for any contingencies, and is therefore invariably higher than the cost estimated in the Estimate. (Please note that most large contractors always give Quotations).

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.

HOMEFIX prefers to give Estimates as a general rule because these are friendlier to all parties, and ultimately more economical.

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