Quotation letters allow individuals, companies, and organizations to inquire about the prices of materials and services offered by certain businesses. The act of sending quotation letters to businesses cuts down on time and effort that are usually spent by prospective buyers in inquiring the prices of goods and services one by one.
Sample Cover Letter for a Cost Quotation Template
There are numerous types of quotation letters depending on their purpose. If you are currently planning to write a quotation letter, you need to make sure that you are subscribing to its standard format. To help guide you in your letter-writing, download our Quotation Letter Templates on this page.
Simple Price Quotation Letter
Free Quotation Letter Sample
Sample Price Quotation Letter
Free Cover Letter for a Cost Quotation
Price Quotation Letters
Price Offer Quotation Letter
Price Quotation Request Letter
What Are Quotation Letters?
A quotation letter is any letter that is being sent to communicate information or make requests about a sales quotation or a quotation proposal. For clarity, a quotation proposal is a document that contains the estimation of prices of particular products or services that a company is selling. This document is prepared by businesses and given to prospective customers or clients. You may also see appreciation letters
What Are the Different Purposes of Quotation Letters?
Since a quotation letter is any letter that is intended for communicating information regarding a quotation and there are different types of information that may be addressed in the process of creating a quotation, then it is only logical that there be different types of quotation letters. You may also see formal letters.
Quotation letters have many types depending on the purpose of writing it. The following are the most common usage of quotation letters:
1. A quotation letter is written by a prospective customer to request a quotation proposal from a business.
2. Quotation letters are written by a bidding organizer to a couple of businesses or companies to ask them to create a quotation proposal, as well as bring this proposal during a scheduled bidding event or bidding process.
3. A quotation letter is written by a prospective customer/buyer to negotiate some terms, prices, or payment, and delivery methods indicated in a quotation proposal.
4. A quotation letter is also written by a prospective customer/buyer to approve or agree to the contents of a company’s quotation proposal.
5. On the other hand, a quotation letter is also sent to communicate a prospective buyer’s rejection of the terms or prices in a quotation proposal.
6. A quotation proposal is sent by companies or businesses in order to inform prospective buyers regarding the revisions they have made in their quotation proposals.
Business Quotation Letters
Business Proposal Quotation
Business Quotation Cover Letter
Quotation Request Letters
Approval Request Letter
Quotation Request Reply Letter
Quotation Cover Letters
Construction Quotation Cover Letter
Sample Quotation Cover Letter
Quotation Approval Letters
Request for Quotation Approval Letter
What Are the Benefits of Writing Quotation Letters?
There are several advantages of practicing the act of formally sending letters in dealing with the other party in a quotation or bidding process. The following are the most notable benefits of writing quotation letters:
1. A quotation letter allows both parties to be clear.
Letters have a standard format thus the information that it contains would be presented in an easily visible and coherent way. Since a properly written quotation letter is bereft of any ambiguity, it thus means that both the business and the prospective customer can clearly and succinctly enunciate the particular aspects of a quotation that they want to address. You may also see introduction letters.
2. A quotation letter is a formal document that can be admissible in court.
In case there is any confusion as to the terms of a quotation proposal, quotation letters are strong forms of evidence as to the correspondences between the business and its customer. Through the perusal of an authentic quotation letter, the court can examine the aspects of a quotation proposal that both parties have agreed to. You may also see admiration letters.
3. A quotation letter can hold each party liable for any violation of the terms in a quotation proposal.
For example, if the buyer has decided to accept the terms cited in a quotation proposal and has then sent a letter accepting the said proposal together with the payment of the total amount indicated in the proposal. Then afterward, the business failed to deliver the goods on the day it was expected. In this scenario, the buyer has the remedy of going to court and using the quotation letters as evidence of a business agreement format.
To know more about quotation letters, download our templates on this page or you can check out our collection of Quotation Letter Samples. Simply click on the link provided.
Quotation Letter Formats
Revised Quotation Format
Sales Quotation Format
Hotel Quotation Letters
Hotel Room Quotation
Sponsorship Quotation Request Letter
Quotation Acceptance Letters
Quotation Offer Acceptance Letter
What Is a Formal Quotation Request Letter?
A formal quotation request letter is a type of quotation letter that is sent by a prospective customer to a business or company. The purpose of this letter is to formally request a business to prepare a quotation proposal and submit it on a particular date.
What Is the Importance of a Quotation Request Letter?
Most prospective customers are always looking out for goods and services that are of the cheapest price. Of course, these customers would also assess the quality of the products or services offered by a business. Not only that, but it is also important for customers that the available payment methods should they decide to do business with a company are feasible, practical, and more convenient.
Indeed, numerous factors can affect a prospective customer’s decision in which business to engage with, that is why most customers would benefit by making inquiries regarding the products or services that they plan to purchase or avail. You may also see event proposal letters.
The matter of selecting the perfect supplier or service provider is a particularly serious one. It is for this reason that prospective customers, especially those who intend to acquire goods or services by bulk, would benefit the most by asking for quotation proposals from various businesses. Take a look at the leadership recommendation letters that are mentioned on the internet for more.
Price Quotation Acceptance Letter
Product Quotation Letters
Product Price Quotation Letter
Product Quotation Inquiry Letter
Vehicle Quotation Letters
Vehicle Quotation Request Letter
Sample Vehicle Quotation Letter
What to Include in a Formal Quotation Request Letter?
A formal quotation request letter has various parts and those are the following:
The letterhead contains the following parts:
- The heading for the information of the prospective buyer (his/her name, contact information, and address)
- The heading block for the information of the company or business (its complete company name, business address, contact information)
2. Formal Salutation.
Letter-recipient should be addressed professionally since it is a business document.
3. Body of the Letter.
The following are the necessary aspects that must be covered in this part:
- The initial statement that clearly expresses the purpose of the letter, which is to request the letter-recipient to prepare and submit a quotation proposal. You may also see complaint letters.
- The explanation of the reason behind the need for a quotation proposal.
- The enumeration of the particular products or services that the prospective customer wishes to address in the quotation proposal being requested.
- The specific date when the quotation proposal should be submitted.
4. Formal Closing.
The letter should be ended in a polite and closing remark. Below it is a space sufficient for the prospective buyer’s signature and complete name. You may also see donation request letters.
To know more about the specific content and format of a formal quotation request letter, feel free to check out our collection of Quotation Letters in Doc. Access these templates by clicking on the link provided.
Vendor Quotation Letters
Vendor Quotation Letter Format
Vendor Quotation Request Letter
Quotation Regret Letters
Regret Letter for Wrong Quotation
What Is a Quotation Offer Acceptance Letter?
A quotation offer acceptance letter is a type of quotation letter that expresses the prospective customer’s acceptance of the terms indicated in the specific quotation proposal being submitted by a business. This letter portrays the prospective buyer’s willingness to engage in business with the business that prepared the approved quotation proposal.
If you are writing this type of quotation letter, here are some guidelines that you need to follow:
1. Make the first sentence of your letter a clear statement of your acceptance of the quotation proposal.
2. After that, indicate the specific items in the quotation proposal that you have accepted.
3. If there are any minor aspects of the quotation proposal that you need to alter, you can also suggest by delineating the specifics of your preference. It can be that you want the price to be changed, or the arrangements regarding the delivery method, as well as the payment terms. You may also see marketing proposal letters.
4. You can also use this opportunity by adding some items that you forgot to ask for in your quotation request letter. For example, if there are additional goods or services that you need and are not included in the quotation proposal, you can ask the business to provide you with another proposal for such items or you may simply request that they revise the previous one, with the assurance that you agree to its prices beforehand. You may also see official letters.
Formal Quotation Letters
Formal Quotation Request Letter
Formal Price Quotation
Offer Quotation Letters
Price Offer Quotation Letter
Offer Quotation Cover Letter
What Is a Revised Quotation Letter?
A revised quotation letter serves as the cover letter or the introductory letter of a revised quotation proposal. Oftentimes, a prospective customer would negotiate the prices, delivery, and payment methods of a quotation proposal. In response to this, businesses try to cater to the customer’s needs by revising the quotation proposal that they have submitted.
Upon submitting this revised proposal, it is best to attach a revised quotation proposal that would enlighten the prospective customer as to the particular parts that have been revised. Download our Quotation Letters now and get started on writing your quotation letter.
1. What is a Quotation Letter?
A quotation letter can be defined as a document that has the price of the service or a product. This could vary from a customer/client requesting or accepting a quote to the service provider. The quoted amount is sent to the supplier/service provider.
2. What is a Quotation Letter used for?
A quotation letter is written by a prospective customer to request a quotation proposal for/from a business. A quotation letter is written by a prospective buyer or a customer for negotiating terms, prices or payment, delivery methods, the goods, and services, etc. that are indicated in a quotation proposal.
3. What should be included in a Quotation Letter?
A quotation letter has a few details that must be included in it without fail. They are:
- Company’s name, contacts, tax, registration number, etc.
- Details of the recipient like the name, address, etc.
- Prices of specific goods selected
- Payment terms
- Quotation time and date
- Conditions of delivery
- All details required by the buyer.
4. How do you send a Quote to a Client?
Always send the quote as soon as possible after the client has contacted you requesting it, maybe within 24 hours. The best way to present a quote to a client is to send them an email in PDF format. Emails are professional, easy to track and follow up if accepted.
5. What are the benefits of writing a Quotation Letter?
There are plenty of benefits when you use a quotation letter. Some of them are:
- A quotation letter allow both partied to be clear on the terms and conditions
- It is a formal document that is legal
- It helps hold parties liable for any violation of the terms mentioned in the proposal.
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