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estimate

estimate

133 2.8
A written guess of how much a job or service will cost
  • noun
  • /ˈɛstɪmeɪt/
translation icon : presupuesto
  • The contractor submitted an estimate for the cost of renovating the kitchen.
  • cost estimate
  • provide an estimate
  • price estimate

Yes, I was wondering why, how, what makes the cost estimate so accurate with this method?

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Examples

  • We'll get estimates.

  • And national experts have been brought in to review estimates of the costs of the various control strategies.

    Academic text (1999)
  • Other examples of cost estimates for the loss of services include the following:

    Academic text (2011)
  • Guys, can I get an estimate on wardrobe please?

  • Tomorrow I want to call around to get some estimates for replacing the windows in this house.

    Fiction book (1994)
  • All four estimates are over $10,000.

  • Once Broady saw the condition of the building, his cost estimates went up.

    Academic text (2011)
  • Well, at a rough preliminary estimate, you have a collection here... worth around $600,000.

  • I want an estimate for manpower only and a list of what material you'll need.

  • Hey, we gotta call Beachwood Carpets and get an estimate on those stairs.

Synonyms

valuation
vsestimate
  • Specialized
62 5.1

An estimate of how much something is worth

is a written formal statement rather than the general act or result
appraisal
vsestimate
26 4.1

A written estimate of how much something is worth

focuses on a formal cost or value statement rather than quality or condition
estimation
vsestimate
  • Specialized
1 3.5

A document that gives the likely value of something for tax or insurance

is a written statement mainly for job or service cost figures

Compounds

5.7

A price plan for a job based on the actual time spent and materials used

How Formal

tender
  • UK
8 7.2
bid
232 2.7
estimate
133 2.8
to quote
68 3.5
ballpark
  • Informal
38 4.3

Surface Forms

estimate singular
estimates plural

Etymology

Estimate comes from the Latin aestimare, meaning 'to value', and was used for naming how much something is worth. That's why an estimate can be a written note of the likely 'price' or cost for a job.