Binding Not-to-Exceed Estimate
A Binding Not-to-Exceed Estimate is a type of moving estimate that sets a maximum price for your move. You won’t pay more than this amount, even if the move ends up taking longer or your shipment weighs more than expected. At the same time, if your move ends up being smaller or faster than estimated, you pay less — never more than the agreed-upon maximum.
How It Works
- Movers calculate an estimate based on weight, time, and services requested.
- The estimate is binding, meaning the price will not exceed the amount stated.
- If your shipment ends up lighter or faster than expected, you only pay for the actual weight or time used.
Why It Matters
- Combines the security of a fixed price with the fairness of paying for actual services.
- Helps you plan your moving budget accurately.
Example:
You’re moving from Chicago to Atlanta. The Binding Not-to-Exceed Estimate is $3,000. On moving day, your shipment weighs less than expected, and the move takes less time. Instead of paying the full $3,000, you pay only $2,700 — saving money while still enjoying the protection of a guaranteed maximum price.
Pro Tip:
Always review your estimate carefully and ask your Relocation Coordinator which items or services might affect the final cost. This ensures there are no misunderstandings and that you get the full benefit of the “not-to-exceed” protection.