What is a QuotationĪ quotation, therefore, is a formal document provided by a seller to a buyer detailing the costs involved in purchasing specific products/services. The same customer can request quotations from multiple businesses for the same products and then finalise the quote offering better value. When a customer requests a quotation, also known as a quote, from a business, it means he/she is interested in the products/services but would like to know the estimated cost to make a purchase decision. ![]() If I’m interested, I will get back to you” – a typical conversation between sellers and buyers or a business and its customers.
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