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welcome back to real estate 101 Im your host Joe tercera and today were going to talk a little bit about the difference between quote and estimates and Im pleased to be joined once again by Daniel OTT of artisan contracting Daniel welcome back to the show thanks for having me Joe alright Dan why dont you explain to our viewers what are quotes and estimates a quote or an estimate sometimes used entertain changeably those terms is the price that a contractor brings to a homeowner right and it is usually accompanied by a proposal which will include both the pricing and the scope of work included in a project okay so what pricing systems do contractors normally used most contractors will hand an estimate to the client okay and when you say estimate what do you mean by estimate an estimate really is an educated guess its a little more detail than taking ten seconds and picking a number out of the air but we at artisan contracting sometimes liken it to throwing a dart against the wall