Which is the best definition of a ballpark figure?
A ballpark figure is an estimate of what something might amount to numerically when a more accurate number is assessed, such as the cost of a product.
Can a contractor give you a ballpark estimate?
Many contractor’s are leery about giving a quick “ballpark” or “drive-by” estimate, since they are afraid that you will want to stick to this number even if their actual bid comes in higher – as it often does. If you get an “estimate” from a contractor, clarify whether this is a binding bid or just a rough estimate of what the job might cost.
How are Ballpark figures used in the business world?
Ballpark figures are also used everywhere in the business world, such as estimating how much it might cost to expand into a certain market, or how many years it might take for a company to be profitable or for sales to justify a large purchase.
How are ballpark numbers used in real life?
While ballpark figures are used frequently and can be helpful in establishing a baseline for discussion, they should be treated as nothing more than estimates; they are not hard numbers. These figures are frequently blown out of proportion by salespersons and other professionals who must use persuasion to generate income or close deals.
Many contractor’s are leery about giving a quick “ballpark” or “drive-by” estimate, since they are afraid that you will want to stick to this number even if their actual bid comes in higher – as it often does. If you get an “estimate” from a contractor, clarify whether this is a binding bid or just a rough estimate of what the job might cost.
How can ballpark estimates help determine if your project is feasible?
Ballpark estimates can help you quickly determine if your project is feasible. Here’s how. Your first step in estimating is often to establish whether a project is financially feasible, given your budget.
How much does it cost to repair a countertop?
Considering the average countertop repair cost is $340, you must take drawback into consideration before any countertop installation project. Nonetheless, if you’re considering natural stone countertops, the following must be pondered: