How Eliminating Paper Waste Can Save Your Business #infographic

How Eliminating Paper Waste Can Save Your Business #infographic
According to the individual using the term, an estimate, offer, quote and proposal can be constructed. Some construction specialists use interchangeable terms "estimate" and "citation," whereas if signed by the customer, the offer or offer may become a contract.

The difference between coke, cola, soda and pop depends on where and where you are, but we can all agree that you won't have a glass of milk when you order one. Below are the most accepted definitions, apart from all the confusion and subtleties. A quote is a figure a contractor gets from a supplier for the price of materials for a job.

Quotations are generally only good over a certain period of time––usually about a month––meaning the builder has only that much time to buy the goods at the given price.  In addition to the specified timeframe, the costs of the products may change. Thus quotes are often associated with a time frame. Quotes expire as commodities are involved in the project and their prices fluctuate based on supply and demand.

Lumber is a pretty good case. Suppliers in an growing economy can not only generate 2 pennies more if demand gets beyond their reach. The trees need to be gathered, converted into timber and sent to the market before they are sold. It takes time for producers to satisfy the unexpected demand. Another example may be a pump whose costs vary at the time of the work depending on the price of diesel fuel.

How Eliminating Paper Waste Can Save Your Business #infographic

infographic by: jobsite.procore.com

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