These vendors are then approached, and the client explains the project details to each of them. After researching and receiving referrals, the client compiles a list of potential vendors. During these interactions, one of the key elements they assess is the quotation received from each vendor.Ĭonsider a scenario where a client is searching for a web developer to design and develop their website.
When a client is seeking services or products, they often contact multiple vendors to understand their offerings. Think of it as the face of your business, especially in the eyes of potential clients. Why one should use a quotation format for the business?Ī well-structured and professionally designed quotation serves as a crucial document in any business transaction. Before sending the invoice, contract or agreement, it is the quotation that is sent by the vendor to grab the opportunity of getting work from the client, so having a great quotation template is necessary. Quotation plays a very important role as it is the first touchpoint of any business. A Quotation template is a blank format used by vendors to outline the products or services they are going to offer to their clients at a specific price.
