The difference of coke, cola, soda and pop is much like that–depending on where and where you are, but we all can agree that when you order one, you won't have a glass of dairy. Here below are what we consider the most accepted definitions, apart from all the confusion and subtleties.A quote is a figure that a contractor receives for the cost of equipment for a job from a provider.
Quotations are usually only good over some time––usually about one month––which means the builder only has that much time to purchase the products at the specified cost. The cost of the products may change in addition to the specified timeframe. Therefore, quotes are often linked to a time frame. Quotes expire as commodities and their prices fluctuate depending upon supply and demand are materials engaged in the project.
Lumber is a nice case in point. Suppliers can not only produce 2 pennies more in an increasing economy if demand goes beyond their scope. Before they are sold, the trees must be collected, transformed into wood and sent to the market. Producers need time to meet the unexpected demand. Another instance may be a pump whose expenses differ based on the cost of diesel fuel at the moment of the job.
Source: jobsite.procore.com
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