A Construction Quotation is an offer from a contractor or builder to carry out a specific job for a set price. It outlines the materials, supplies and services required for the project and itemizes all associated costs. It also details payment terms and conditions, ownership of the materials used in the build, and any warranties or guarantees offered. When accepted by the customer, it forms a binding contract. A Construction Quotation gives customers an accurate understanding of the costs they can expect to incur and helps ensure successful completion of the project.