What’s the Difference Between a Construction Quote and Estimate? Bay Cities Construction
We refer to the use of quotes and bid when we are discussing construction pricing, but are they really being used correctly? These are actually the most commonly missed used words in the construction industry; estimate, bid, proposal, and quote.
If you’re planning on doing work to your home, it is important that you start speaking the construction lingo. The planning stages are just as stressful as the remodeling process. It can feel overwhelming and intimidating when you begin sitting down with your chosen contractor to go over price, materials needed, and length of project. Below is a brief explanation of some of the things that people find most confusing.
In our industry, an estimate, bid, quote, and proposal take on different meanings depending on who is using the terms. Some construction professionals use the words “estimate” and “quote” interchangeably, while a bid or proposal may turn into a contract if the customer signs it.
To learn more about Bay Cities Construction – Find out what the exact definitions that were excluded from this article here – http://www.baycitiesconstruction.com/blog/whats-the-difference-between-a-construction-quote-and-estimate