The art of estimating comes down to the details and description of the operations required to fulfill a task, while properly and fairly accounting for the variances of a specific project. (Photo: Shutterstock)
The quick answer is it's both. Outside of the insurance and damage repair industry, the layperson sees an estimate as a price quote in advance for a good or service. The basic definition of estimating as it relates to our industry is a means of translating associated costs to performing a task into a universally accepted language that is both quantifiable and justifiable.
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