The cost of moving depends on the requirements and situation. Moving cost is divided into three categories “non-binding estimate,” “binding estimate” and “binding not to exceed estimate”; these all terms don’t mean to the common person who is not familiar with the process of moving home. On the other hand, well-versed professional movers charge for moving from one place to another place according to these terms.
To move successfully, you must grasp all the details of your moving estimate. This is the reason, we never recommend agreeing blindly to any cost or signing a contract without doing research on the proposed estimated cost.
We understand that most people don’t have time to grab the information about confusing cost estimates. Luckily we are here to explain all these three moving estimates – non-binding, binding, and binding not-to-exceed – for you in this blog. By reading this blog you will be able to make decisions while signing your moving contract.
Binding Estimate
A binding estimate is a way when a mover asks for a fixed amount based on the estimated cost it all depends on the approximate weight of the belongings that you want to move. If you agree to the binding cost, the moving team will not be allowed to increase the cost whatsoever. On the other hand, agreeing with the binding cost estimate means that the customer won’t pay less even if their belongings end up weighing less than what is originally estimated, you will have to pay the same.
One of the best advantages of moving with the binding estimate is that you don’t need to pay any other extra wages even if the weight of your items gets increased. If you are worried that the movers will over-charge you at the last minute, you should better go with the binding estimate to avoid a hassle in your mind. To get confirmation, if the movers are quoting a fair estimate, we will recommend collecting quotes from multiple moving companies.
Non – Binding Estimate
The non-binding estimate also considered the weight of the customer’s belongings. Just because it is a “non-binding” cost estimate it will not be fixed as a binding estimate. The cost can fluctuate with the actual weight of the move. According to our theory, don’t hire a company that provides only this type of estimate to their customers. Because you will end up paying more than the expected amount.
You might get scammed if you will hire a company with a non-binding estimated cost. You could be forced to pay more than the expected amount that you have said before. That’s why it is important to research and to be aware of the red flags.
Binding Not-To-Exceed Estimate
Binding not-to-exceed is the most popular among movers. This type of cost estimate is easiest to explain. In this case, if the customer’s shipment exceeds the original estimate, they can’t charge extra. Instead of this, they will pay what they were originally quoted. If the weight of the item is found is less than the original estimate then the company will pay you the amount. This means by agreeing to the binding not-to-exceed estimate, you could end up paying less amount than originally fixed.
Inside the contract
While finalising the contract from the movers, it should be very clear about what type of estimate they are providing you. This should be attached to the moving bill. A long-distance or interstate contract should include: the name and address of your mover, including or excluding traffic cost, minimum weight, estimated weight, discounts, fuel charges, and insurance also.
While fixing the overall cost of your relocation, make sure to consider costs outside the moving estimate from your Melbourne’s moving company as well. For example, if you are thinking of purchasing cardboard boxes to pack your essentials then it will definitely be required to buy moving supplies as well. Also, acknowledge that week, month and year can affect the cost of your move. For instance, if you’re moving during the peak season (May to September), you’ll end up paying more than in other months. So if you can, try to relocate during weekdays in between a less busy month to keep the moving cost down and convenient.
Ready to move?
It’s time to move! Don’t let just any mover handle your move. Find a trustworthy removalist company to move your furniture safely and securely with the OZ Removalists. Their experienced and highly qualified staff will help you to get a smooth and stress-free move so that you can rest assured that your move is in good hands. Call now for more information at 1800 842 066.
