An estimate type describes what type of estimate it is. Various companies and business areas have distinct types of estimates, which often vary in their composition and preparation methods. Some examples of major areas are; manufacturing cost, construction cost, software development cost etc. If needed you can add notes and comments for internal reference only. A note can be used as a means of forwarding information to someone who will process the object later.
Note: ID cannot be changed after saving the record.
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As a result of this activity, an estimate type is defined in the system and can be used on estimates.