Is A Roof Replacement Estimate Similar To A Quote Or Cost?

You have probably heard the words quote, cost, and estimate every time you have dealt with construction projects. It's not uncommon to use the words quote and estimate interchangeably. This article seeks to get into what the three words mean in roof replacement. 

What Is an Estimate?

It's a forecast of what the roofing company expects it will cost to replace your roof. Typically, you'll ask roofing companies for estimates to help you decide whether the replacement is feasible. 

Homeowners often request estimates from multiple roofing companies and choose one that's within their budget. The accuracy of estimates depends on the estimator's skill, the accuracy of the information, project plan, and estimator tools.

All construction projects start with an estimate. However, since it's not precise, you'll proceed to the next stage. An estimate gives you an idea of the labor costs, material, etc. You can have it in writing or verbally. 

Once you have got an estimate and settle on a company for your roof replacement, you'll need a more exact number. Ask for a quote.

What Is a Quote?

It's a precise amount that your roof replacement project will cost. There is very little wiggle room in a quote; it's seen as a contract. Quotes typically have a breakdown of all the labor, materials, and time frame. 

Once you ask for a quote and accept it, you're in a contract with the roofing company. For this reason, companies are more thorough when compiling a quote to ensure they can deliver as stated in the quote. 

What Is the Cost?

Cost is what you'll pay for your project according to the quote. However, as is often the case, the cost is typically higher than the quoted amount. The reason for the difference is changes made during the course of the project. 

For example, if you decide to switch the roofing material after agreeing to the quote, the cost will change. The initial quote had asphalt shingles as the primary roof replacement material, which is cost-effective and durable. 

However, you may decide to switch to slate as it can last up to 150 years. Slate is more expensive, energy-efficient, fireproof, and almost invincible in inclement weather. The benefits justify the higher cost, and your property will stand out—  also, you should factor in labor costs for the new materials. The cost might change, and if it does, be sure to ask for a change order. The change order will explain differences and how they affect the final cost. Fro more information, contact a residential or commercial roofing company.