What’s the Difference Between an Estimate, Quote, Bid and Proposal?

The definitions of what an estimate, quote, bid and proposal are, differ among people and industries. Let’s put the confusion to bed. People use the terms, bid, quote, proposal and estimate interchangeably. Indeed, a forum discussion on SitePoint highlights this challenge when using these terms. But as one person on the forum put it: “Doesn’t […]

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