First, let’s cover what an estimate is and why it may be important to receive one.

It will be an approximation of the project, including materials and scope of work. Estimates will help you to determine an appropriate budget for a particular project. It will include time, materials, overhead, and profit margins.

Quotes, on the other hand, are a fixed price but only for a specified time. A quote will be detailed and sometimes have exclusions, but will be a legal, binding price.