What’s the Difference Between An Estimate, Quote and Bid? And Which Should You Get?— BYHYU 208
When deciding on which contractors to use for your project, you’ll need to compare prices, which means asking each potential contractor how much they will charge. There are several ways a contractor or supplier can outline cost: an estimate, a quote, and a bid.
Although the terms are used interchangeably, there are important distinctions that we should understand. That’s what we’ll talk about in this mini-lesson— the difference between an estimate, a quote, and a bid.
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