Free Estimate Templates
Professional estimate templates for every industry. Present detailed project cost breakdowns with built-in contingency.
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Frequently Asked Questions
What should an estimate include?
A professional estimate should include your business details, client information, estimate number, project description, itemized cost breakdown, contingency allowance, timeline, assumptions, exclusions, and terms of acceptance.
How much contingency should I include in an estimate?
For well-defined projects, 5-10% contingency is typical. For projects with more unknowns, 15-20% may be appropriate. Construction and renovation projects often include 10-15% contingency for unforeseen issues.
What's the difference between an estimate and a quote?
An estimate is an approximation based on your best judgment that may change as work progresses. A quote is a fixed price that you commit to honoring if accepted. Use estimates when scope is uncertain, quotes when you can fully define the work.
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