Estimate or quotation: which one to send
Send an estimate when you cannot price the job exactly yet: a wall may hide damp, a car may need parts you have not seen, a software feature may grow once the customer explains it. Send a quotation once the scope is clear and you are ready to stand behind one price. Many businesses send an estimate first, inspect or agree the details, and then send a quotation or go straight to the invoice. Whether a written estimate binds you depends on your contract and local law, so this sheet states plainly that the figure is an estimate and may change.
How the likely range works
If you type 10 in "May vary by", the sheet shows the total and a line such as "Likely range (±10%): USD 4,500.00 – 5,500.00" for a 5,000 estimate. The range is worked out on the total including tax, rounded to the cent. Pick a percentage that reflects real uncertainty rather than a safety margin you hope never to explain: a small figure for routine work you have done many times, a larger one when the job depends on what you find. Leave it empty if you prefer a single figure. The tool accepts up to 50%; beyond that, an estimate is too vague to help the customer decide.
What a useful estimate contains
Split the job into lines a customer can follow: labour by task or by hour, each main material, delivery or disposal, and permits or rental equipment if you pay them. Write your assumptions in the notes, for example "assumes walls are sound" or "price of tiles as of this week", and list what is not included. Add the valid-until date, because an estimate from three months ago may no longer match supplier prices. These details matter more than a polished layout when the final bill comes in higher than the first figure.
From estimate to invoice
When the customer agrees, keep the estimate as the record of what was expected. If the work grows, send a revised estimate with a new number, such as EST-0002, before doing the extra work rather than after. Once the job is done, bill it with an invoice that shows the actual quantities. The tool does not store your estimates anywhere; save each PDF. Only your business details, logo and next number are kept, in your own browser, if you tick "Remember".