Cost Estimate

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Definition: Cost Estimate

Cost Estimate
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Full Definition of Cost Estimate

An approximate value of the total cost of a service, product, resource, or project, used for planning, sales quotes, or resource allocation. Cost estimates are generally prepared as accurately as possible, to prevent misallocation of resources or negative perceptions from clients, managers, or potential customers.

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/cost-estimate/
Modern Language Association (MLA):
Cost Estimate. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 23, 2024 https://payrollheaven.com/define/cost-estimate/.
Chicago Manual of Style (CMS):
Cost Estimate. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/cost-estimate/ (accessed: April 23, 2024).
American Psychological Association (APA):
Cost Estimate. PayrollHeaven.com. Retrieved April 23, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/cost-estimate/

Definition Sources

Definitions for Cost Estimate are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.