What is a Not to Exceed estimate?
The estimating process here at American Moving Services is based on a Not to Exceed estimate. This type of estimate is called various things by various movers, such as Guaranteed Price or Price Protection, but the end result is the same — an estimate based on a binding estimate or on actual cost, whichever is lower. Like a binding estimate, a Not to Exceed estimate must be provided to you in writing and is binding on the carrier. Not to Exceed estimates differ though in that the binding estimate amount becomes the maximum amount that you will be obligated to pay for the services outlined on the estimate. This maximum amount alternates with the tariff charges applicable based on the actual weight of the shipment, with the customer paying the lesser of the two amounts. When you accept a Not to Exceed estimate, the move is performed at actual weight based on the tariff rate levels, with the binding estimate representing the maximum charge that you will have to pay. Will American Moving
Related Questions
- How do I estimate the weight for either the Technotrash Can (to ensure its weight does not exceed the 35 or 70 lbs. limit) or the Pack-IT service?
- WHAT DO THESE ESTIMATE TERMS MEAN: NON-BINDING ESTIMATE, 110%PROVISION/RULE, BINDING ESTIMATE, GUARANTEED NOT TO EXCEED ESTIMATE?
- What If Repair Costs Exceed the Original Estimate?
