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INDIAN INSTITUTE OF MANAGEMENT KOZHIKODE INDIAN INSTITUTE OF MANAGEMENT KOZHIKODE IIM KOZHIKODE CAMPUS P.O., KOZHIKODE673 570, KERALA PHONE: (0495) 2809195, 2809214, 2809215 Faxes: (0495) 280301011
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How to fill out quotation modification works on

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How to Fill Out Quotation Modification Works On:

01
Start by reviewing the existing quotation. Understand the scope of the project, the services or products involved, and any specific terms or conditions mentioned.
02
Identify the changes or modifications required in the quotation. This could include revising the pricing, adjusting quantities, adding or removing items, or updating terms and conditions.
03
Communicate with the client or customer requesting the modification to understand their specific needs and requirements. Discuss the reasons for the changes and ensure clarity on what they are expecting from the modified quotation.
04
Make the necessary changes in the quotation document. Update the pricing details, include or exclude items as required, and update any other relevant information.
05
Clearly indicate the modifications made in the quotation. This could be done by highlighting the changes with a different font or color, or by using track changes feature in the document.
06
Double-check the modified quotation for accuracy and consistency. Ensure that all changes are correctly reflected and that the document is error-free.
07
Provide the modified quotation to the client or customer for their review and approval. Communicate any potential implications of the modifications on the project timeline, delivery dates, or other factors.
08
Once the client approves the modified quotation, make sure to keep a copy for your records. It is essential to have a proper documentation trail of the changes made for future reference.

Who Needs Quotation Modification Works On:

01
Businesses or organizations that need to alter the terms, pricing, or any other details in a previously submitted quotation.
02
Clients or customers who require adjustments in the quotation to accurately reflect their specific requirements or to align with changes in their project scope.
03
Contractors or service providers who need to update a quotation based on revised project specifications, pricing changes, or any other factors that impact the original quotation.
In summary, filling out quotation modification works on involves reviewing the existing quotation, identifying the required changes, communicating with the client or customer, making the modifications in the document, ensuring accuracy, obtaining approval, and keeping proper documentation. This process is applicable to businesses, clients, and service providers who need to modify previously submitted quotations.
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Quotation modification works typically refer to changes made to an existing quotation or price proposal.
The party requesting or making changes to the quotation is typically responsible for filing the modification.
Quotation modification works can be filled out by providing details of the changes made to the original quotation, including any revised pricing or terms.
The purpose of quotation modification works is to document any changes made to the original quotation, ensuring transparency and clarity between parties.
The information reported on a quotation modification typically includes details of the changes made, reasons for the modifications, and any impact on pricing or delivery timelines.
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