Cost Estimation Template

Cost Estimation Template

Client Name:     Contractor Name:

Date of Estimate:     Estimate Reference No.:

Recitals

WHEREAS, Client Name: desires to obtain goods and/or services described herein; and

WHEREAS, Contractor Name: represents that it has the capability and expertise to provide such goods and/or services and provides this cost estimate subject to the terms set forth below; and

WHEREAS, this Cost Estimation Template sets forth the estimated scope, cost breakdown, and terms under which the parties may proceed to a definitive agreement or work order.

Scope of Work

Estimated Cost Breakdown

Provide a detailed line-item breakdown. Each line includes quantity, unit price, and line total. All amounts are in the currency agreed by the parties.

Payment Terms

All invoices are payable net as specified in the Payment Schedule. Contractor reserves the right to suspend work if payments are past due beyond the period provided for in this document, subject to any notice requirements set forth below.

Term and Termination

This estimate contemplates performance commencing on and concluding no later than unless extended by written agreement of the parties.

Either party may terminate any subsequent agreement or work order based on this estimate for material breach if such breach is not cured within the notice period set forth above. Termination shall not relieve either party of obligations accrued prior to termination.

Confidentiality

Each party shall treat as confidential the terms of this estimate and any non-public information disclosed in connection with the Scope of Work. Confidential information does not include information that (i) is or becomes publicly available without breach of this obligation, (ii) is rightfully received from a third party without obligation of confidentiality, or (iii) is independently developed by the receiving party. The receiving party shall use at least the same degree of care to protect Confidential Information as it uses to protect its own confidential information, but in no event less than reasonable care.

Remedies for breach of confidentiality include injunctive relief and recovery of damages and costs, and such obligations shall survive termination of any subsequent agreement for a period of three (3) years unless otherwise agreed in writing.

Governing Law

This Cost Estimation Template and any subsequent agreement arising from it shall be governed by and construed in accordance with the laws of the State of without regard to its conflict of law principles.

Entire Agreement

This document represents the entire estimate and understanding between the parties with respect to the matters described herein and supersedes all prior proposals and communications, whether written or oral. Any modifications or acceptance of this estimate must be in writing and signed by both parties to be binding.

Acceptance

By signing below, the parties acknowledge that this estimate is provided in good faith based on the information available at the time of issuance. The estimate is not a fixed-price contract unless expressly stated and agreed in a subsequent written agreement or purchase order signed by both parties.

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