An as-sold estimate is an estimation of the cost of materials and services needed for a residential construction project based on the specific details, requirements, and specifications that were agreed upon by both parties at the time of sale. It provides an accurate representation of the total cost for all materials, labor, taxes, and any other expenses associated with completing the project. The estimate takes into account any special requests or modifications that may have been requested by either party during negotiations.
This detailed outline helps both parties to understand exactly what is being purchased and how much it will cost in order to avoid potential disputes or misunderstandings down the line. The accuracy of an as-sold estimate can make all the difference when it comes to ensuring a residential construction project remains profitable for a contractor.