Construction and Finance · Odoo glossary
Cost Estimate
A calculation of expected resource use and cost for a product, job or service before the work is completed.
Definition
In general ERP practice
A calculation of expected resource use and cost for a product, job or service before the work is completed.
In Odoo
In an Odoo implementation, Keep estimated cost distinct from the quoted selling price. Compare assumptions with actual material, labor and subcontracting costs as work progresses.
References and further reading
Official background for the related subject and implementation context.
Related glossary terms
Continue reading