Chartered surveyor John Conlin explains how builder's estimates and quotations differ.
When pricing building work, some contractors quote their price as an ‘estimate’, others as a ‘quotation’.
What’s the difference?
An ‘estimate’ is a guide and the final bill may be different if unanticipated difficulties, delays or increased cost occurs whereas a ‘quotation’ is a fixed price.
If you want to accept a price given as an estimate ask for it to be confirmed as a ‘fixed price quotation’.
Explaining Building Control and Regulations
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Chartered surveyor John Conlin sorts out your legal and building woes.