Estimates

What is an estimate vs a quote?

Estimates Pricing Quotes

An estimate with a validity window set in Fee-Lion

An estimate is an approximate price for work you haven’t fully scoped yet, and it can change as the job comes into focus. A quote is usually a fixed price you commit to, so the client knows the number won’t move once they say yes.

The plain-English difference

Both documents tell a client what your work will cost before you start. The gap between them is about how firm that number is.

  • Estimate — your best informed guess. Useful when scope is fuzzy, hours are hard to predict, or materials and rates might shift. The final invoice can land higher or lower.
  • Quote — a price you stand behind. Useful when the work is well-defined and you’re confident you can deliver it for that exact figure. The client treats it as a promise.

In everyday freelance life the words get used interchangeably, and that’s fine. What matters is that you and your client share the same expectation about whether the number is flexible or fixed.

Why the distinction matters for freelancers

Get this wrong and you either eat the overage or look like you’re padding the bill. A few rules of thumb:

  • If you can’t see the bottom of the work yet (open-ended discovery, vague brief, “we’ll know more after the first round”), lean toward an estimate and say so.
  • If the deliverables are crisp (a five-page site, a 60-second edit, a logo and three revisions), a fixed price reads as confident and professional.
  • Whichever you send, write the scope down. The clearest way to protect a fixed price is to spell out exactly what’s included — and what counts as a change order.

Tip: When you mean a fixed price, say it in plain words on the document: “This price is good through [date].” A specific commitment builds trust and heads off the “I thought it’d be cheaper” conversation later.

A real-world example

A photographer is asked to shoot an event but doesn’t yet know how many hours it’ll run or how much editing the client wants. She sends an estimate: roughly 6 hours of coverage at her hourly rate, plus an editing line she’ll finalize once the shot count is in. If instead the client booked a flat half-day package with a set deliverable, she’d send a fixed price for that package — the kind of number a quote represents.

How Fee-Lion handles it

Fee-Lion uses one document for both jobs: the estimate. You build it from the Estimates area in the left sidebar, pricing it with tasks (hours × rate), fees, and units (qty × rate), then adding any discounts, surcharges, tax, or a deposit %. Your client opens it in a no-login portal link and approves it with one click — and an approved estimate converts straight to an invoice.

The trick that makes an estimate behave like a fixed quote is the validity window. Set a date the estimate is good through, and the price becomes a commitment with a clear expiry — exactly what a quote does. Here’s the flow:

  1. Open Estimates in the sidebar and create your estimate, pricing the tasks, fees, and units.
  2. Set a validity window so the price is locked in until a date you choose.
  3. Set defaults you’ll reuse — like payment terms, tax, and a deposit % — under Settings → Preferences.
  4. Send it; your client reviews and approves in the portal, and you convert it to an invoice.

So whether you think of it as an estimate or a quote, Fee-Lion gives you one clean path: price it, set how long it holds, and let the client approve.

What’s next

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