The Difference Between an Estimate, Quote, Bid, and Proposal
In construction, an estimate, bid, quote, and proposal can take on different meanings depending on who is using the term. Some construction professionals use the words “estimate” and “quote” interchangeably, while a bid or proposal may turn into a contract if a customer signs it.
It’s a lot like the difference between Coke, cola, soda, and pop––it all depends on where you are and who you’re talking to, but we can all agree that you won’t get a glass of milk when you order one.