Elements of the effective quotation

A quotation gives the project’s actual cost; it is shared by the supplier to the customer. Therefore, a well-constructed quotation speaks volumes of the supplier’s professionalism. Moreover, proficient price comparison can help the buyers increase their profit by manifolds.

Following are the elements of an effective quotation:

  • Total cost
  • Breakdowns
  • Variations
  • Revisions
  • Quotes expiry date
  • Payment methods
  • Payment terms and conditions

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