Quotation is an offer document that contains product descriptions and prices.

In the business world,

a quotation is a document that is often encountered when buying and selling transactions occur. Its
function is to provide consumers with information about the product description and price before
they buy the item.

WHO'S PARTY REQUEST QUOTATION LETTER?

The Party who requesting a QUOTATION LETTER is the Consumer. WHY? because when a Consumer
wants to buy something, of course they wants to know in advance the detailed price of the item's
they going to buy, this is the main reason why Quotation Letter is Request.

WHAT CONSUMER WILL DO BEFORE THEY REQUEST FOR QUOTATION

What cosumer will do before they request for quotation is like this?

1. They will list what kind of item they will buy.

2. They will list the number of items they will buy that they need

3. They will determine when they want their goods arrive or deliver.

4. For the last is an option, Client can requesting a specific terms of their transaction in their
writing.

WHAT WILL SELLER GIVE WHEN CONSUMER REQUEST FOR QUOTATION?

1. PRICE: The first and foremost thing is they will give list of prices of each product their
consumer request

2. QUOTATION VALIDITY PERIOD : This is done so that consumer know how much time they
have to consider the quotation from the seller

3. SELLER COMPANY INFORMATION: They will give their detailed profesional information
such as name, address, email, company number, business registration number

4. CONSUMER INFORMATION: such as name, address, email, company number

5. PAYMENT TERM: seller will tell consumer the payment term, such as whether it is paid up
front, whether it requires deposit, or it is paid at the end.

The Twin, Quotation Vs Invoice, How to differentiate them?