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Versions Form popularity Fillable & printable
2023 4.1 Satisfied (27 Votes)
2022 4.8 Satisfied (110 Votes)
2021 4.1 Satisfied (47 Votes)
2020 4.4 Satisfied (162 Votes)
2019 4.2 Satisfied (41 Votes)
2018 4 Satisfied (59 Votes)
2017 4.4 Satisfied (187 Votes)
2016 4.2 Satisfied (113 Votes)
2015 4 Satisfied (32 Votes)
2014 4 Satisfied (54 Votes)
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An estimate is basically a guesstimate or rough, educated guess based on what a job MAY cost.
Estimating in math is a way of approximately calculating an answer (getting a rough answer) or to check its accuracy (the right answer). You shouldnt need to use a calculator or any written methods when estimating, even with large numbers or decimal numbers.
Verb They estimated the distance at about three miles. We need to estimate how much paint well need for the job. The cost of the project has been estimated at about 10 million dollars.
Some common synonyms of estimate are appraise, assess, evaluate, rate, and value. While all these words mean to judge something with respect to its worth or significance, estimate implies a judgment, considered or casual, that precedes or takes the place of actual measuring or counting or testing out.
If you estimate a quantity or value, you make an approximate judgment or calculation of it.
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estimated, estimating. to form an approximate judgment or opinion regarding the worth, amount, size, weight, etc., of; calculate approximately: to estimate the cost of a college education. Synonyms: appraise, evaluate, value, assess, gauge, reckon, count, compute. to form an opinion of; judge.
In summary, you should only use an estimate as an initial guide and make this clear to the consumer; and you should only use a quotation where you are certain you wish to be legally bound, upon its acceptance and once all parties are fully appraised as to what the job entails.
In short a guess is a uninformed opinionated conclusion whilst estimating is an informed conclusion based upon facts.

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