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Momento Posted 18 years ago
Grammar

what's the difference: estimate, quote

Could you teach me about the usage and meaning differences among

" estimate" , " quote" and "quotation" in business letters ?
  

Top answer

" There may be some qualifications, such as how long this offer will be in effect for this price, or certain conditions which could cause the price to change. " "Quote" is a little more likely than "extimate" to be used for a binding offer. "Quotation" is more formal than "quote," but "quote" is more common.

— Avangi

  • " There may be some qualifications, such as how long this offer will be in effect for this price, or certain conditions which could cause the price to change.
  • " "Quote" is a little more likely than "extimate" to be used for a binding offer.
  • "Quotation" is more formal than "quote," but "quote" is more common.
  • "Quote" can also be used as a verb: "We are pleased to quote the following prices for the items in your recent inquiry:" - A.
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4 Answers
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Sometimes they're used interchangeably as nouns to mean, "I / My company make / makes this binding offer to perform services / supply goods for the stated price." There may be some qualifications, such as how long this offer will be in effect for this price, or certain conditions which could cause the price to change.

When used as a verb, "estimate" is less likely to be a binding offer,
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Avangi,

Thank you very much for answering to my question.

Your explanation is easy to understand and helpful.

Thank you.
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In the UK an estimate is just that. The actual bill will be around that figure but could be higher or lower.

A quote is a definite price. It's exactly what you will have to pay.
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Nona the brit,

Thank you so much for your answer.

I understand well. Thanks a lot.
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