A document (or verbal notification) specifying how much a job will probably cost. (noun)
To calculate roughly, often from imperfect data. (verb)
Examples of word estimate
I have forced myself to stop refreshing Google news and the like, and attempted to focus on work the rest of the day, so I wouldn't be surprised that the estimate is as high as 100k-500k by now.
This estimate is therefore preliminary, pending a review of the language of the reconciliation proposal, as well as further review and refinement of the budgetary projections.
If this estimate is accurate, remittances would surpass tourism to become Mexico's third largest source of foreign income after manufacturing and oil.
If their estimate is actually honest the bonding will be negligable if they are just pulling numbers out of their a$$ that they think will "sell" the public on the project they may not be able to secure bonding.
“In terms of property damage,” said actress Hilary Swank, “the estimate is at least $26 billion in insured losses and perhaps twice that in uninsured losses over a 90,000-square-mile area — approximately the size of Kansas.”