Todays Topic: Binding Vs. Non-Binding EstimatesMany movers provide Binding (other terms: firm binding, guaranteed price, etc) moving costs. A binding estimate is an exact cost for moving services. Your final charges will NOT increase or decrease if your final weight is greater or lesser than estimated. A binding estimate covers only the goods and services listed on the estimate and accompanying inventory. If you add items or additional services are required or requested, the mover may void his original binding price proposal by requiring you to sign an addendum to the original contract. You must read what you are signing very carefully. If you have any questions, CRS is here to help! The mover may also require full payment for these additional services at the time of delivery.
Some companies may provide you with a Guaranteed Not To Exceed price (other terms: binding not to exceed, option binding, accuquote, assured price protection, etc). The same rules apply to these estimates as the binding estimates. However, should the actual weight and services be less than the estimate, you pay the lesser amount! Again, your guarantee is based on the items listed in the inventory and the services outlined on the estimate.
Here are some examples of additional services which would contribute to the cost of the move:
- Shuttle (also called auxiliary) Service in the event that your new or old home is not negotiable by a tractor trailer and a smaller truck must be used to transport your belongings from your home to the trailer and vise versa.
- If your estimate was based on limited packing by the mover but more is required at the time of the move.
Non-Binding estimates are not guaranteed. Final costs are based on the actual weight of the shipment and actual services provided at the time of the move. Under a non-binding estimate, the mover cannot require you to pay more than the amount of the original estimate plus 10% at the time of delivery. You are then obligated to pay any additional charges over this amount within 30 days.
Of course, our CRS consultants are here to explain these differences as well as help you choose the right mover for you! So feel free to contact us with any questions! info@consumersrelocation.com or 800-839-6683
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This is a great article. Moving can be a long process so it is important to do research on moving services. There are a lot of expenses that go into the process so you want to make sure you find a company that is reliable and efficient.
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