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When you’re creating a job estimate, you shouldn’t treat it like just another item on your business to-do list.
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What will not be included in the project.The related cost of materials required to deliver the services.A project description/overview of the services you’ll provide.What you include in your job estimate depends on the kind of services you provide, but here are a few basics to consider: Once the client has accepted the quote, you’ll send them an invoice. You might provide an initial job estimate after meeting with a client about a project, then a formal quote once they’ve selected you for the job and you have all the details you need to accurately predict project costs. Invoices typically contain itemized costs and payment terms, such as Due on Receipt, Net 30, Net 60, etc. It’s the document you provide to the client or customer after they’ve officially hired you for the project. Plus, a quote is usually intended for a specific time frame, so it may include language like “valid for 30 days.”Īn invoice is a bill for services. In most cases, you can’t change a quote once the customer approves it. The difference between job estimates, quotes, and invoicesĪ job estimate differs from a quote it provides an approximate cost for a project and isn’t legally binding, whereas a quote provides the exact fixed cost for a job. Initially, you might not have all the details you need to give a definitive and detailed quote, but you can still give a ballpark estimate. It’s an educated guess of the potential costs and timelines, based on your expertise in the field and other similar projects you’ve completed. Keep in mind, a job estimate is just that - an estimate. The job estimate helps the client plan their project budget, and in many cases, it also helps them determine which service provider to work with - since they’ll likely request estimates from more than one contractor or service provider.
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The cost of materials and services to complete the project.A timeline of project benchmarks along the way.It outlines the details of the job they’re inquiring about, including some or all the following: What a job estimate isĪ job estimate is a document you provide to a prospective client. Whether you’re a graphic designer, freelance writer, plumber, electrician, construction company, or any other kind of independent contractor or service provider, you need a way to create and share professionally designed job estimates with your potential clients and customers.