estimated price
In French: prix estimatif
Definition
A price given as an estimate at signing. The contractor must justify any increase, and you pay it only if it comes from work or expenses the contractor could not foresee.
Also called
- estimate
Other names in French
- estimation
Sources
The Civil Code limits an increase on an estimated price to unforeseeable work and expenses, which the contractor must justify. (art. 2107)
Code civil du Québec, RLRQ c. CCQ-1991 · LégisQuébec, Éditeur officiel du Québec