Quote vs estimate: what is the difference, and is an estimate binding?

Updated on 29 September 2026 by the Proposal Expert editorial team

Binding versus non-binding, UK and US rules, and wording you can copy for both

A quote is a fixed price that binds you once the client accepts it. An estimate is your informed guess at the likely cost, and it can change. In the UK, quote and quotation mean the same thing, and Citizens Advice notes that a quote is sometimes called a fixed estimate, which shows that the heading on a document matters less than what it says. In the US, estimate, bid and quote are often used loosely, and that is where many price disputes start. What decides whether you are held to a figure is what you wrote, what you left open and what the client relied on. Below are the UK and US rules, how far a final bill may move from an estimate, when to send which, and wording you can copy for both.

What is the difference between a quote and an estimate?

A quote says what the job will cost. An estimate says what it will probably cost. UK council consumer advice puts it this way: an estimate may vary because it gives a general outline of the work and a guide price, while a quotation is a fixed and binding price for specific work (Pembrokeshire County Council, Supply of services: your consumer rights). The practical differences follow from that.

Is an estimate legally binding?

Not as a fixed price, but it is not meaningless either. In the UK, section 50 of the Consumer Rights Act 2015 treats anything a trader says or writes to a consumer about the service as a term of the contract if the consumer took it into account when deciding to go ahead. Section 50(2) makes that subject to anything that qualified the statement and was said or written on the same occasion, or to a change both sides expressly agreed. So an estimate that reads £2,400, may rise by up to 10 percent if the plaster needs repair, is read together with that condition, and you are held to that frame. A caveat you only mention when the bill arrives does not count unless the client agrees to it. Where the contract does not fix a price or say how it is worked out, section 51 says the consumer must pay a reasonable price and no more. These sections protect consumers. With business clients the terms you agree decide the matter, so write the assumptions and the tolerance into the estimate itself.

Is a quote legally binding?

Yes, once the client accepts it. Citizens Advice tells UK consumers that a trader cannot charge more than the quoted price unless the trader explained that extra work was needed and the customer agreed to pay more, or the price in the quote was an obvious mistake. A rise in the trader's own costs after the quote is not a reason to charge more. Before acceptance, the position depends on where you are and what you sell. In US contract law, an offeror can typically withdraw an offer before acceptance unless the parties have created an enforceable option contract (Cornell Law School, Wex: offer). Goods are the exception. Under UCC § 2-205, a merchant's signed written offer to sell goods that gives assurance it will be held open cannot be revoked for lack of consideration during the time stated, or for a reasonable time if no time is stated, and never for longer than three months. Article 2 of the UCC applies to transactions in goods (UCC § 2-102), so this rule reaches a quote for materials or equipment, not a quote for labour alone. A valid-until date on a signed US quote for goods can therefore commit you to hold the price until that date, up to three months.

How much can a final bill differ from an estimate?

There is no general percentage in UK law. Section 51(3) of the Consumer Rights Act 2015 says that what is a reasonable price is a question of fact, and Citizens Advice confirms that the law does not define what counts as reasonable. The official explanatory notes give an example: a plumber who fixes an urgent leak in ten minutes with a £50 part is unlikely to be entitled to £1,000. Two rules narrow the room further for consumer work. The Consumer Contracts Regulations 2013 require you to give the total price including taxes before the contract is made, or, where the price cannot reasonably be calculated in advance, the manner in which it will be calculated (Schedules 1 and 2). Section 50(3) and (4) of the Consumer Rights Act then make that information a term of the contract, and a change to it has no effect unless the consumer expressly agrees. The US has no single federal tolerance either, but some trades have their own rules.

When should you send an estimate, and when a quote?

Send an estimate when the client needs a number to decide whether to go further and you cannot yet see the whole job. Send a quote when the scope is clear enough that you are willing to be held to the price.

How do you word an estimate so it is not read as a quote?

Label it, give a range or a figure with a tolerance, name your assumptions and say what happens if they turn out wrong. Put these qualifications on the same page as the figure, because section 50(2) of the Consumer Rights Act gives weight to qualifications made on the same occasion as the price. Here is example wording for a fictional decorator, Harbour Decorating.

How do you word a quote so it is clear and firm?

A quote should leave nothing to interpret. State the scope, the exclusions, the price, the validity date and the payment terms, and ask for written acceptance. If you send quotes as a link, Proposal Expert shows you when the client opens it and records the electronic signature with a trusted timestamp and a sealed audit trail, which settles which version was accepted and when. Here is the same decorator after the site visit.

Frequently asked questions

Is a quote the final price?

For the work described in it, yes. Once the client accepts, you cannot add charges for the same scope, and extra work needs the client's agreement first. For UK consumers the quoted price should include VAT, because the Consumer Contracts Regulations 2013 require the total price inclusive of taxes. In the US, the SBA notes that sales tax can vary significantly from place to place, so say whether tax is included or added.

What is a fixed estimate?

A fixed estimate is a quote under another name. Citizens Advice notes that a quote is sometimes called a quotation or a fixed estimate. If you do not want to be held to a figure, do not use the word fixed. Write estimate, give a range and list what could change it.

Can a contractor charge more than the quote?

Only in limited cases. In the UK, Citizens Advice says the trader can charge more only if the customer agreed to pay for extra work the trader said was needed, or if the quoted price was an obvious mistake. Higher material costs after the quote are not enough. To protect yourself, give quotes a short validity date and agree every change in writing before you do the work.

Is a binding estimate the same as a quote?

In most trades the phrase has no fixed meaning, and a figure you promise not to exceed works like a quote. In US interstate household moves it is a defined term. There, a binding estimate caps what the mover may collect, with limited exceptions, while a non-binding estimate must be reasonably accurate and the customer can take delivery by paying up to 110 percent of it (49 CFR 375.403, 375.405 and 375.407).

Should an estimate be in writing?

Yes. A written estimate shows what you assumed and what you promised, which is exactly what matters if the bill is disputed. For UK consumer contracts made away from your business premises, regulation 10 of the Consumer Contracts Regulations 2013 requires the pre-contract information, including the price or how it is calculated, on paper or, if the consumer agrees, on another durable medium. Keep a copy of exactly what you sent.

Sources

  1. Consumer Rights Act 2015, section 50: Information about the trader or service to be binding (legislation.gov.uk)
  2. Consumer Rights Act 2015, section 51: Reasonable price to be paid for a service (legislation.gov.uk)
  3. Consumer Rights Act 2015, Explanatory Notes to section 51 (legislation.gov.uk)
  4. Consumer Contracts (Information, Cancellation and Additional Charges) Regulations 2013, Schedule 1 (legislation.gov.uk)
  5. Consumer Contracts Regulations 2013, Schedule 2 (legislation.gov.uk)
  6. Consumer Contracts Regulations 2013, regulation 10 (legislation.gov.uk)
  7. Pembrokeshire County Council, Supply of services: your consumer rights
  8. Citizens Advice, Problem with building work, decorating or home improvements
  9. Uniform Commercial Code § 2-205, Firm offers (Cornell Law School LII)
  10. Uniform Commercial Code § 2-102, Scope of Article 2 (Cornell Law School LII)
  11. Wex legal dictionary: Offer (Cornell Law School LII)
  12. California Business and Professions Code section 9884.9 (California Legislative Information)
  13. Federal Trade Commission, Auto repair basics
  14. 49 CFR 375.403, How must I provide a binding estimate? (Cornell Law School LII)
  15. 49 CFR 375.405, How must I provide a non-binding estimate? (Cornell Law School LII)
  16. 49 CFR 375.407, Relinquishing a shipment under a non-binding estimate (Cornell Law School LII)
  17. US Small Business Administration, Pick your business location

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