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| Quotation
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Highest bid to buy and the lowest offer to sell a parcel of real estate in a particular market at a specified time. Sometimes also refers to a proposal to perform certain work for a specified price. |
| Quote or quotation
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A price provide by a contractor, sub-contractor, or vendor to funish materials, labor and/or both. Ê Quotes differ from estimates in that an estimate is a best guess of the cost involved. |
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