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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