What is the meaning of quotes in the construction industry?

In construction, a quote is a document that a company or an individual contractor sends to their prospective client. It describes a job and sets a payment that a company would charge for executing it, as well as other pertinent information (e.g. timeline and termination conditions).

What is included in a construction quote?

A construction quote needs to include the details of a project, an itemized job breakdown and pricing for each element, a suggested project timeline with milestones, payment conditions, indemnities, and the parties’ contact details. Other items might be included if the sutiation calls for it.

How do you make a quote template?

There are two ways to go about making a quote template. The first is simply delete all the specifics from one of the quotes that you have already used in your work. The second is to download an existing, professionally-made template from a company like PandaDoc.

Construction Quote Template

Prepared by:

[Sender.FirstName][Sender.LastName][Sender.Company]

[Sender.Phone][Sender.Email]

[Sender.StreetAddress][Sender.City]

[Sender.State][Sender.PostalCode]

(Sender.Website)

Prepared for:

[Client.FirstName][Client.LastName]

[Client.Company]

[Client.Phone][Client.Email]

[Client.StreetAddress][Client.City]

[Client.State][Client.PostalCode]

Cover Letter

Dear [Client.Company],

[Sender.Company] has been working in the construction business for the past (Number) years. We have worked on numerous construction jobs, from small homes to larger buildings and everything in between. Whatever the size and whatever the requirement, [Sender.Company] has you covered for your next building project.

We thank you for providing us with the opportunity to present this construction quote and put forth our services in the bidding for your project. As discussed, please find attached all necessary details for your construction project and any additional information we feel is relevant to the project. If you have any further questions feel free to reach out to us anytime.

Alternatively, if you’d like to see samples of our past projects, please let us know, and we’ll be happy to send them your way!

Thank you,

[Sender.Company]

Cost Estimation

[Sender.Company] has created the following construction quote for the Client's building project as outlined below:

Name	Price	QTY	Subtotal
Item 1 Description of first item	$35.00	5	$175.00
Item 2 Description of second item	$55.00	1	$55.00
Item 3 Description of third item	$200.00	1	$200.00

This construction quote shall be valid for 14 calendar days from the date issued. A deposit of 50% of the total price is required for [Sender.Company] to begin the work outlined in this quote. All deposits are nonrefundable.

Schedule of services

[Sender.Company] agrees to provide services listed in this quote in an efficient and convenient time frame. Services in this quote will take approximately (6) weeks to complete.

WEEK 1	[Sender.Company] shall call the Client to review the quoted services. After the introductory call, and with the Client’s approval, [Sender.Company] shall begin work on the services in the quote.
WEEK 2	(Insert work progress here. This will vary depending on the services the Client requested)
WEEK 3	(Insert work progress here) [Sender.Company] shall contact the Client for a project check-in call.
WEEK 4	(Insert work progress here)
WEEK 5	(Insert work progress here)
WEEK 6	[Sender.Company] will complete work provided in the quote at this time. [Sender.Company] shall review the final work in person with the Client to ensure the work meets the Client's standards. The Client shall review and sign a work completion form once work has been reviewed.

[Sender.Company] shall keep in regular contact with the Client regarding the status of the building project. The Client understands that delays may occur due to circumstances outside of [Sender.Company]'s control.

Payment Schedule

The Client agrees to submit a downpayment of 50% of the building project outlined in the quote above. Deposits and final payments can be made via (Payment.Methods). Checks can be made payable to [Sender.Company] at the address listed at the top of this quote.

Final payment shall be due upon completion of the building services no later than 30 days after those services are completed. A service charge of (Percentage) of the total amount due shall be added to any unpaid balances that are past due. Any balances past due by more than 60 days may result in [Sender.Company] initiating legal action to recover the outstanding balance. The Client shall be responsible for any legal fees [Sender.Company] incurs to receive payment.

Insurance

[Sender.Company] attests all of its representatives and subcontractors are adequately insured with general liability Insurance. [Sender.Company] confirms they have the minimum level of liability to operate in the State of [Sender.State]. The Client shall not be held responsible in the instance of injury or any other incurred loss due to the actions of [Sender.Company]'s employees or subcontractors on the Client's property, unless and only if the fault, injuries or losses were caused due to a direct result of the Client’s actions.

Acceptance Letter

If both Parties wish to move forward with the Contract, keeping the terms, conditions, and quotations mentioned in the document, they may indicate so by signing this document.

Signature

MM / DD / YYYY