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Binding/Non-Binding Estimate

By Diane Schmidt, About.com

Definition: The flat rate quoted for the given inventory. The mover quotes a flat price no matter how long the job takes. This is the rate provided when the moving company performs the onsite estimate.

A non-binding estimate is the initial quote given based on the company's past experience. It is usually quoted without performing an estimate. The final price is given once the job is completed.

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