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EstimateとQuatationの違いについて

"estimate"と"qotation"の違いを十分に理解してなかったので調べてみました。日本語で言うと、「見積もり」は"estimate"で、「価格表」は"quotation"という感じでしょうか。詳細は以下の通り。

 

An estimate is basically a ‘guesstimate’ or rough, educated guess based on what a job MAY cost.
An estimate is an informal idea of price based on limited information.
Consider it a starting point in terms of costs, which can go up (or down).
Estimates CANNOT be used as a legal standpoint for price.

 

On the other hand, quotes are presented formally and represent a contract between you and the customer.
As such they can be used as legal standpoints for price should a dispute arise.