price estimate

USAGE SUMMARY

The phrase "price estimate" is correct and can be used in written English.
You can use it when you want to give a rough idea of the cost of an item or service. For example, "I got a price estimate of $150 for the new computer".

✓ Grammatically correct

News & Media

Science

Formal & Business

Human-verified examples from authoritative sources

Exact Expressions

47 human-written examples

The 18-month share price estimate is $36.

The New York Times

Goldman Sachs raised its price estimate on the stock 4.4percentto to 716 pence.

The New York Times

All of these prices were on the Howdens "full price" estimate given to Adam Hussein.

The Guardian - Money

Microsoft rose 2.2percentt after Deutsche Bank raised its price estimate for the company.

The New York Times

The JetVan displayed here carried a price estimate of $400,000.

The New York Times

The best price estimate given by 74% companies surveyed in an EU public consultation was about €13,500 (£11,100).

The Guardian

Human-verified similar examples from authoritative sources

Similar Expressions

13 human-written examples

Presale price estimates are not yet available.

The New York Times

Holdeman, for one, believes the price estimates are valid.

The New York Times

The U.S.D.A. increased its price estimates for corn and soybeans.

The New York Times

Later, the price estimates began to inflate, first to $30,000, then to $35,000, and now higher.

The New York Times

The stock was offered at $20 on Thursday, 43percentt higher than investment bankers' original price estimates.

The New York Times - Tech

Expert writing Tips

Best practice

When requesting services, always specify the level of detail you require in the "price estimate". A detailed estimate reduces the likelihood of unexpected charges.

Common error

Don't treat a "price estimate" as a binding agreement. It's an approximation, and the final cost may vary based on unforeseen circumstances or changes in scope.

Linguistic Context

The phrase "price estimate" functions as a noun phrase, typically serving as the object of a verb or the complement of a preposition. Ludwig examples show it used in contexts where someone is requesting or providing an approximate cost. This phrase is grammatically correct and widely accepted, as confirmed by Ludwig AI.

Expression frequency: Common

Frequent in

News & Media

50%

Science

25%

Formal & Business

15%

Less common in

Wiki

5%

Encyclopedias

0%

Social Media

0%

Ludwig's WRAP-UP

The phrase "price estimate" is a common and grammatically sound way to refer to an approximate cost, as affirmed by Ludwig AI. It is frequently used in news, science, and business contexts. While related phrases like "estimated cost" or "preliminary quote" can be used as alternatives, "price estimate" maintains a neutral register suitable for various situations. Remember to specify the level of detail you need when requesting a "price estimate", and always treat it as an approximation, not a binding quote. The examples on Ludwig reflect that the phrase appears in authoritative sources such as The New York Times, TechCrunch and Forbes, demonstrating its widespread acceptance.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

estimated cost

Inverts the structure for a slightly different emphasis while retaining the meaning.

approximate price

Replaces "estimate" with a direct synonym, emphasizing the inexact nature of the figure.

cost approximation

Replaces "price estimate" with a more formal tone and focuses on the approximation of cost.

quoted price

Replaces estimate for more official tone when a seller gives you the cost to buy the product.

projected price

Implies a forward-looking estimation, often used in business contexts.

preliminary quote

Suggests an initial offer or calculation of price, often subject to change.

rough costing

Offers a less formal way to describe a quick or initial pricing assessment.

budget forecast

Relates to predicting costs within a budgeting context.

value assessment

Focuses more on evaluating the worth or monetary value.

rate calculation

Emphasizes the process of figuring out a price or rate.

FAQs

How to use "price estimate" in a sentence?

You can use "price estimate" when you are referring to an approximation of the cost. For example, "I asked the contractor for a "price estimate" before starting the renovation project."

What can I say instead of "price estimate"?

You can use alternatives like "estimated cost", "cost approximation", or "preliminary quote" depending on the context.

Which is correct, "price estimate" or "cost estimate"?

Both ""price estimate"" and "cost estimate" are correct and commonly used. They are largely interchangeable, though "cost estimate" might be slightly more general.

What's the difference between a "price estimate" and a final quote?

A ""price estimate"" is an educated guess about the cost of a service or product, whereas a final quote is a fixed price that the provider agrees to honor.