Below is a list of the most common customer questions. If you can’t find an answer to your question,
please don’t hesitate to reach out to us.
Is a signed quotation legally binding?
A price quote (also known as simply a quote) is not legally binding. Let's say both parties agree to the quote willingly. A state may require further actions for a legally enforceable contract to be formed. For example, a state might require that both sides sign a written contract.
Is a builders quote legally binding?
Quotes are legally binding and should ONLY be used when you are certain of the costs involved. NEVER label a written estimate as a 'Quote' You can be held to the figure provided. ALWAYS ensure that the customer understands whether they are getting an estimate or a quote.
Is a quote legally binding UK?
No a quote is not a legally binding contract, it is just one step in the formation of a legally binding contract, for which you need to show v. the capacity/authority to enter into the agreement.
How do you ask for a quote?
I would like to request a quote for _________.
I would be interested to know the price of ________.
Please could you send me a quote for_______.
Please could you provide me with a quote for ______.
I would be grateful if you could send me a quote for the following_______.
What does it mean to ask for a quote?
A request for quotation (RFQ) is a standard business process whose purpose is to invite suppliers into a bidding process to bid on specific products or services. RFQ generally means the same thing as IFB (Invitation For Bid). An RFQ typically involves more than the price per item.
Can I get a quote meaning?
A quote is the last price at which a security or commodity traded, meaning the most recent price to which a buyer and seller agreed and at which some amount of the asset was transacted. The bid or ask quotes are the most current prices and quantities at which the shares can be bought or sold.
How do you accept a quote?
Dear [Recipient Name]: Thank you for sending your quotation number . We thoroughly revised your offer and reached the decision to accept it. We are currently drafting a Purchase Order corresponding to the referenced quotation and we will share it with you once completed.
What should you include in a quote?
You should write the word Quote or Quotation at the top of the page. Quotation body Describe the proposed goods or services and provide pricing information. Quotation footer Include the total amount of all items, tax amount, and validity of the quote. Offer a call-to-action such as their signature.
How do you respond to a quote request?
Call them or ask them to call you. I'm really not a phone person, but I do think that a phone call makes a good impression.
E-mail them and ask for more information.
E-mail them your basic information about rates and terms of service.
How do you follow up a quote?
Do Your Homework. Before you follow up on a sales quote, you have to make sure you are addressing the right person.
Set Clear Objectives and CTA.
Include a Reference.
Write Email Subject.
Mind Your Length and Tone.
Choose a Perfect Timing.
Use a CRM.
How do you respond to product Enquiry?
Thank you for your inquiry regarding our product or service.
Thank you for your interest in our product or service.
We would like to thank you for your letter inquiring about our product.
We truly appreciate your letter asking for information about our service.
How do you write a quote approval letter?
Quotation Approval Letter. Dear [Recipient Name]: Thank you for sending your quotation number . We thoroughly revised your offer and reached the decision to accept it.
How do you write a price quote letter?
State what the product or service that you are providing them with.
If quote is for a project, be sure to give a detailed breakdown of what the costs are.
Provide an estimated time as to when the product will be ready or service will be completed by.
Let them know how they can proceed.
How do you write a quote for a software project?
Make the quotation header.
Write down the parties involved in the quotation process.You may also see website quotations.
Write down the software details (e.g., description, quantity, unit, and total cost).
How do you present a quote to a client?
Quotation header Mention your company's name, contacts, tax registration number, quotation number and date, payment terms, and the name of the recipient. You should write the word Quote or Quotation at the top of the page. Quotation body Describe the proposed goods or services and provide pricing information.