oboloo Glossary

Construction Quote

oboloo Glossary

Construction Quote

A construction quote is a written offer from a contractor to undertake all or part of a construction project at an agreed upon price and time frame. It outlines the scope of the services provided, including labor, equipment rental, materials, and other costs involved in the project. The quote should also include a timeline for completion and a payment schedule. By providing an accurate and comprehensive overview of the project, construction quotes help stakeholders plan effectively and reduce potential risks. Ultimately, they provide businesses with the peace of mind that their projects are in safe hands.