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An estimate is a written, approximate price for a job, given before the work starts. It lists the scope, materials and labor so the customer can approve the price. Estimates can change if the scope changes, which is what separates them from a fixed bid.
Generally, no. An estimate is an approximation. It becomes part of a binding agreement when the customer signs and accepts it, and many contractors attach their contract terms at that point. Rules vary by state and country.
Thirty days is common. Use a shorter window when material prices are volatile.
Yes. With a free HardHat Quote account you can save the estimate, and on Pro you can convert an approved estimate into an invoice in one click.