39+ Quote Vs Estimate Nz. An estimate can be verbal or in writing — there is no legal difference. An estimate will give you a rough idea of the cost before you finalise your plans and send them out for quotes. An estimate is roughly how much the contractor thinks the job will cost, based on skill and past experience. An estimate is not a fixed price. Ideally it should be a clear, written statement of exactly what is to be done and material costs, what it will cost (including the hourly rate of the workers) and. There can be a big difference between an estimate and a quote. Local government new zealand community organisation view all organisations local properties. Understanding the difference between a quote and an estimate can save you time and money and protect you from legal risks and business losses. A full member of nziqs is entitled to use the initials mnziqs (member of the new zealand institute of quantity surveyors inc). An estimate is only a best guess at what the job will cost and the builder is not bound.
