confirmed estimate
[kənˈfɜrmd ˈɛstəmət]
nounpl: confirmed estimates
orçamento confirmado
1. A cost estimate that has been verified, approved, and formally accepted by all relevant parties, typically used in construction, project management, or service provision
The contractor provided a confirmed estimate of $50,000 for the renovation project.
O empreiteiro forneceu um orçamento confirmado de R$ 250.000 para o projeto de reforma.
2. An estimate that is no longer subject to change and serves as the basis for a binding agreement or contract
Once the confirmed estimate was signed, the project could officially begin.
Após o orçamento confirmado ser assinado, o projeto pôde começar oficialmente.
In Brazilian business culture, a 'orçamento confirmado' represents a crucial milestone in negotiations, as it signals commitment and binding agreement. In construction and service industries, obtaining confirmed estimates is standard practice before commencing work. In the USA, particularly in NYC and other commercial hubs, confirmed estimates protect both service providers and clients by establishing clear pricing and scope boundaries.
Related Idioms & Phrases
get a confirmed estimate
lock in a confirmed estimate
provide a confirmed estimate
sign off on a confirmed estimate
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