411 Estimate vs Job Quote vs Statement of Work

 In some cases, it means a great deal how you word your proposal to a client. Calling your proposal an estimate, job quote or statement of work (SOW) can mean different things to the client, and to the law. As estimate is a "guestimate" or an approximation. Estimates are flexible and in most cases, negotiable.A quote provides your client with an exact price for the job or project. Quotes are exact, and in some cases, more legally binding than an estimate.A Statement of Work seeks to define liabilities, responsibilities and work agreements between two parties. It allows you to manage expectations and add a layer of detail about what the project will and will not cover.Freshbooks - Quote vs Estimate Your Traderbase - Estimate vs QuoteBradley Gross does a much better job of explaining these than I do. Check out two of his podcasts on this topic.Technology Bradcast 41 - Quotes: How Long? How Detailed? How Terrifying!Technology Bradcast 21 - Quote vs Proposal vs SOW: A PrimerLaw Office of Bradley Gross – Business Technology Law=== Other links for items mentioned in this showTechcon Unplugged: Use discount code ITBP75OFF and save $75 off the ticket price. === Connect with Uncle Marv🌐 Website: https://www.itbusinesspodcast.com/🎙 Host: Marvin Bee🛒 Uncle Marv’s Amazon Store (gear & tools I recommend): https://amzn.to/3EiyKoZ☕ Support the show: https://ko-fi.com/itbusinesspodcastIf you found value in this episode, share it with another MSP, IT provider, or tech entrepreneur. Your support helps keep practical, no-nonsense IT business conversations coming every week.