Both business quotes and estimates provide potential customers with an idea of how much goods, projects or services will cost. An estimate is not legally binding and is less detailed. Pricing in business estimates provide a starting base that can change usually due to variable costs like labor and materials once work begins.
In contrast, a business quote is a fixed price for a job or service that is generally more detailed. If business quotations are accepted by a client, a business is usually obligated to complete a job at the price assuming the scope of work hasn’t changed.