Sunday, 9 September 2012

What is Non-Binding Moving Estimate?

What is Non-Binding Estimate? (Moving Services)

Preparing to move into your new house? Well obviously the first step is to look for a moving company to transport all your household goods. After deciding on a moving company, the next step is to consider what kind of estimates they offer. Alternatively, you can compare the estimates the different moving companies offer. Usually there are two types of estimates, namely the Binding Estimate and the Non-Binding Estimate. From here onwards, we will explain what Non-Binding Estimate is.

A Non-Binding Estimate is a type of quotation by the moving company that does not bind you to any contract. The company will send their personnel down to take a look at your inventory and give a rough estimation of the weight of your items which is followed by prorating a price based on their experience. The moving company is not allowed to accept payment for providing a Non-Binding Estimate as it is not a contract unlike a Binding Estimate.

On the day when you move, the company movers will come down and measure the final weight which leads to final cost of the move. The catch to this is that the movers are not allowed to charge over hundred and ten percent of the original estimate provided you didn’t add more items to the inventory. Let’s say if you have to add items to your inventory at the last minute, the moving company will revise the Non-Binding Estimate and charge accordingly which will not exceed the 110 percent of the new estimate.

The good thing about the Non-Binding Estimate is that you have more flexibility when it comes to settling the move as you are able to change your inventory list till the moment of move. For the Binding Estimate, you have to agree on a contract between you and the company before the move. On the off side, the Non-Binding Estimate may vary due to the actual weight of the items. Whereas for the Binding Estimate, the price will be the same as the one agreed on the contract unless the rules on the contract are breached in one way or another.

Do take note that the weight of your inventory is not the only factor, as there are other factors to consider, like the services they provide like packing and wrapping of your fragile goods or the amount of distance travelled from your old house to the your new house. A good tip will be to read carefully the estimate written by the moving company to confirm the accuracy of their assessment of your inventory.

To hire moving services, Non-Binding Estimate is a flexible option which caters for people who are unable to commit to a contract. It has its advantages and disadvantages. If you are up for Non-Binding Estimate, the optimal option will be to select a few moving companies to call up and get a non-binding estimate from them. From there, you can choose the best pricing they offer. With this information, I hope you have gained more insight on how Non-Binding Estimates work.

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