Quotations and Estimates

Quotations and Estimates

Before getting a quote or estimate there are basic things to think about.
Find out how much a job will cost before you agree to it by asking for a estimate or quote.In case of problems later on get all your information in writing.How much the seller thinks the job will cost is the estimate.The price to actually do the job may be more or less and should not be too much more.
An exact price for doing a job is a quote its like an offer to do the job.Once accepted the seller cannot charge any more than the agreed price.It is wise to get the quote in writing in case of any problems later on.

Get an estimate or quote before you buy
Decide what you want done and by when you need it done and get a written estimate or quote.
To find out roughly how much you will need to pay an estimate is good.Expect the seller to use their experience and skill when doing the cost estimate.
A quote should show/include:
hourly rate
cost of material
start and finish dates
what work is to be done
if GST is included
The quote may have a decide by day because the cost of materials and hourly rates change over time.Also the seller may want to include a small fee for preparing the quote.

To get a quote
Decide exactly what is to be done and by when.
Contact three sellers with the information asking for a written quote.
Consider the price,quality of materials,length of job and decide which quote to accept.Tell the successful seller and avoid paying deposits,total payment before completion.Keep all paperwork quotes,receipts etc.
For an estimate use the same process and remember the price may vary so have a written agreement for the seller to contact you if the final price will be higher so you can choose to stop the work.

A quote is a contract between you and the seller so both must do what they have agreed to in the contract-always best to have it in writing.
Under the consumers guarantees act the seller should use their experience and skill when estimating the cost,so the actual cost should not be too much more than the estimated cost.
If extra work is needed the seller must get your permission before completing the additional work so you can choose to accept or decline.