Essentially, a quotation can be taken quite literally. An estimate, by definition, lacks certainty and can be subject to change depending on circumstances. A real example of the difference in commercial terms could be:
1. A quotation for the removal of an identified and quantifiable amount of rubbish to a destination that will accept it. Transported by a known means at a cost that can be identified = certainty.
2. An estimate for the clearance of a premises of an unknown quantity and type of rubbish and therefore potentially not accepted by a specific destination - for example, unexpected asbestos that requires specific and costly treatment - to destinations appropriate for their disposal at variable cost = estimate.
It would be unrealistic to expect anyone with any degree of understanding to provide a quotation in circumstances where the variables are unknown or beyond their control. Similarly, in defined circumstances it would be entirely reasonable to rely on a quote.
Anyone providing an estimate, or anyone accepting an estimate, should be familiar with the consequential variability and the very limited scope for enforcing the terms of an estimate. By contrast, one should be able to rely on a quotation and it will have far more gravity in the event of a dispute.
As always - Caveat Emptor. A Latin expression that perhaps has been applied differently over the centuries but is implicitly concerned with the caution a buyer should excercise in any transaction.
A price list shows definitive prices. A quote is an estimate of what the costs will be. Many people give quotes when there are a lot of cost variables.
Is the same as the difference between middle and center
what is the difference between refusal and denial
There is no difference between them.. Their difference only is how you understood about financial budget.. :)
No difference.
An Estimate is what someone thinks it will cost. A Quote is a fixed price to get the job done.
An insurance binder is a temporary proof of insurance issued by an insurer until a formal policy is issued. It provides immediate coverage until the policy is finalized. An insurance quote is an estimate of the premium cost for insurance coverage based on the information provided by the insured, but it is not a guarantee of coverage until a policy is officially issued.
The difference between 750 and 1200 is 450.
A supplementary estimate refer to the additional or extra estimate. A revised estimate is the difference between the former budget estimates and the actual expenditure, which is usually presented in the next budget.
A quote offered by an insurance company is a rough estimate of the amount you will pay in insurance fees. A quotation is most commonly used in writing to note that someone is speaking.
The difference between indirect and direct quote life insurance is that the insurance level will differ. Direct is when someone dies, indirect involves other factors.
clear number and guessing
An actual measurement is going to be more accurate than an estimate.
a quote is something a person eg " you should live life large". And a reply is an answer to a question. hope that helps bye.
The quote is from the movie "Waiting..." with Ryan Reynolds, Justin Long and Dane Cook.
An estimate is an educated guess. Approximate and round off mean "about".
"Cite" means to quote or refer to a source, while "site" refers to a specific location or place, such as a building site or website.