Quote vs Estimate: What’s the Difference?

A quote is a firmer commitment than an estimate. Here’s how the two differ and which one to send before a project starts.

Quote

In InvoiceCast

A quote is an offer to perform specified work or provide specified items at stated prices and terms. It is usually more definite than an estimate and may expire after a stated period.

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Estimate

Invoicing term

An estimate is an approximate projection of the cost or effort required for proposed work. The final amount can change as the scope, quantities, time, or costs become known.

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