budget estimate
nounUK /ˈbʌdʒɪt ˈɛstɪmət/
US /ˈbʌdʒɪt ˈɛstɪmət/
A budget estimate is a careful guess about how much money you will need or spend.
The school made a budget estimate for the new playground.
OTHER MEANINGS
2. A rough calculation of the total cost of a project before it starts.
The builders gave us a budget estimate before we signed the contract.
3. An official figure showing how much money a group plans to spend in a set time.
The city council approved the budget estimate for next year's road repairs.
4. A first guess at costs used to help decide whether to go ahead with something.
We used a budget estimate to see if the trip was affordable.