No, a price quote is not the same as an estimate. While both involve providing an approximation of the cost, there are important differences between the two. A price quote is a formal offer that outlines the specific cost and terms, providing a more accurate and detailed breakdown of the pricing components. It is typically binding and represents a commitment to provide the product or service at the stated price. On the other hand, an estimate is an approximation of the cost based on available information but may not be as detailed or final. Estimates are often subject to change and serve as a preliminary assessment of the expected cost, usually provided before a formal price quote is prepared.