Estimate

Estimate: An estimate is a document provided by a business to a customer before any work begins or goods are provided. It outlines the approximate cost and details of the services or products the customer is interested in. An estimate helps the customer understand what to expect in terms of pricing and scope of work. It serves as a preliminary agreement that can be used to negotiate terms before committing to the actual purchase or service. Estimates are commonly used in industries such as construction, remodeling, consulting services, and others where cost and scope may vary depending on specific requirements.