Glossary

Binding Estimate

A FMCSA-recognized quote that locks in the price as long as the inventory matches what was surveyed.

Under FMCSA 49 CFR Part 375, movers can offer binding or non-binding estimates. A binding estimate guarantees the price for the inventory listed; if additional items are added on move day, the carrier must offer a revised binding estimate before loading. Customers prefer binding because it eliminates surprise charges.

See it in action

Moving CRM

Related terms

110% Rule
FMCSA rule capping how much a non-binding mover can collect at delivery (no more than 110% of the estimate).
Cubic Foot Pricing
A moving-industry pricing model that charges per cubic foot of inventory loaded onto the truck.

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