‘Presupuesto’ means different things in Business English. Do you know the differences?
An estimate:
This is a guess of an amount of money (and time) a contractor gives to a client to provide or to do something, with no clear information, and is not a legal agreement.
The estimate for a new office computer is €750
Remember, the contractor gives or provides an estimate to the customer and the customer asks for an estimate.
A quote:
This is provided from the contractor to the client, after the estimate as it contains more information, so is a more detailed, but is not legal agreement. Often a quote also has a time limit.
The quote for new Dell Inspiron 15 office computer with 1TB of disk space is €850
Customers can ask for a quote, and a company can give or provide a quote.
A budget:
This is very different. It is the amount of money a customer or client has available, or in their mind, to spend on the item or piece of work.
My budget for the new office computer is about €1000
We have a budget to spend on something.
Note that if we ask our customer what budget they have to spend on our product or service to adapt our proposal to it, be aware that they may give us an approximate amount.
A proposal:
This is a detailed document, which gives all of the detailed information about the item or piece of work, including the timescale. Once both parties sign the proposal it is a legal agreement linked to the contract.
Please find attached the detailed proposal for the purchase and full provision of the new office Dell Inspiron 15 computer with 1 TB of disk space, to be installed on the 15th Dec 2018 for €950
We prepare a proposal for a customer, or we give or provide a proposal to a customer.
Did you know the differences? Which do you usually use in your job?
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