Difference between a Quotation and Estimate

A quotation and estimate differ from each other in relatively few ways.

Firstly, a quotation is a fixed price offer that gives an exact picture of the work order including all the service costs. The costs specified in a quotation cannot be changed after being confirmed by the customer, which means that it will remain the same even if any additional work or expenses are involved. The major advantage for a company is, a Quotation from ReachOut can be raised without visiting the client location; directly from the office.

Once the quote is approved by the customer, service managers can move ahead by creating the work.

Quotation Management

An estimate, on the other hand, is an approximate guess at how much the work will likely cost. It is not fixed and the costs may change depending on the condition of the work. Service managers can begin with an estimate to make a rough guess at how much the work will cost before raising a final invoice. Raising estimates can be done through the mobile application while the technician is on the job site.

Estimates can be done from the job site, unlike generating quotations for work.

 

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