Madhatter
Well-Known Member
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Lets be
clear on this.
A Quote includes all costs and an itemised
description of the work to be performed and perhaps a methodology
statement.
The trades person will assume the worst case
scenarios to complete the work and the total will include all the
'possible' extra costs because he is doing the work to make a profit,
not including the above may mean a loss.
An estimate on the
other hand is for what the expects will be required, but does not
include any items he could not anticipate.
Any unexpected
extra work will be added to the estimate, so it's important for you
and the contractor to detail all 'expected' work and materials.
The
bottom line here is that a quote will have a much higher figure than
an estimate.
Also keep in mind that many estimates will be
over the original amount, but some less than original figure.
Jobs
based on time and materials are a trades persons dream, no rush, no
materials costs that won't be recovered.
A good example of the
above options would be:
SHMBO tells you it's time to do up the
old bathroom because it leaks a bit and too hard to clean.
The
trades person arrives to look at the job, all he has to do is strip
and put new tiles on.
The cost of stripping and re laying the
tiles on walls and floors is simple enough, the cost of the tiles
will be down to you, simple.
But the backing sheets have been
damp and fall apart when removing the tiles, the sheet/s will have to
replaced.
The timber frames holding the sheets have also
rotted in places and need replacing.
The slight leak turns out
to be in the bath outlet so it has to removed to repair it.
Not
so simple now.
A quote may well have contained all of the
above, all be it in sub sections.
An estimate may contain all
the above but you would only pay for the actual amounts incurred to
fix each area.
A time and materials would have cost less than
a quote but more than an estimate.
PS. I only ever provide an
estimate, with full details of work to be performed and materials to
be used.
I also add notes about things I might find during the
demolition that may require rectification along with further
estimates on costs based on lineal and/or square metres.
85%
of jobs completed end up less than original estimates but not my
much.
I hope this helps.
Good answer Oldsaltz - but will anyone take notice of your logic !!