- estimate
- a calculation of the probable cost, size or time of something
Example Can you give me an estimate of how much time was spent on the job?- a calculation by a contractor or seller of a service of how much something is likely to cost, given to a client in advance of an order
Examples You should ask for an estimate before committing yourselves. • Before we can give the grant we must have an estimate of the total costs involved. • Unfortunately the final bill was quite different from the estimate.- to calculate the probable cost, size, or time of something
Examples to estimate that it will cost £1m or to estimate costs at £1m • We estimate current sales at only 60 per cent of last year.
Definition
noun/ˈestɪmət/
verb
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