Can A Company Charge More After A Quote? Exploring Pricing Surprises

Clients Say, \”How Much Is It?\” And You Say, \”…\”

Keywords searched by users: Can a company charge more after a quote charged more than quoted price, can contractor charge more than estimated, builder charging more than quote, contractor asking for more money after signed contract, contractor surprise charges, can mechanic charge more than quotes, does a contractor have to give an estimate, is it legal to charge for an estimate

Can You Charge More Than You Quote?

Is it possible to charge a price higher than the initially quoted amount? A quote, in essence, represents a formal proposal for completing a specific job at a predetermined cost. After you’ve agreed to a quote and commenced work, the service provider generally cannot increase the price without your consent, unless there are unforeseen circumstances or additional tasks not covered in the initial agreement arise, prompting a modification to the contract. This modification, often referred to legally as a “variation,” is the mechanism through which adjustments to the project’s scope and associated costs can be made during its execution.

Can The Price Of A Quote Change?

Is it possible for the price of a quotation to fluctuate after it’s been accepted? A quotation represents a firm and unalterable price offer, which means that once a customer accepts it, the price remains unchanged regardless of any additional work that may be required. Even if you end up performing more work than initially anticipated, you are obligated to honor the originally quoted price. However, if you foresee the possibility of unexpected additional work, it may be more prudent to provide an estimate instead of a fixed quotation. This allows for flexibility in adjusting the price if circumstances require it.