Search for Invoice Format in Word with slight changes, it can be converted into a quotation format in Word.Īnother method is to create a quotation format in Word from scratch. MS-Word also offers some pre-designed templates, which can also be used as a quotation format. Using the sample quotation format, you can create a similar one in a blank Word document. Using MS Word is one of the easiest ways to create a quotation format in Word. A quotation is more formal than an estimate as it mentions all types of costs involved in the sale, including GST, discounts, shipping charges and so on, whereas an estimate shows only the major costs of the sale.Ī quotation, however, is not a legally binding contract and is just for a mutual understanding between the two parties about the deal and its terms. 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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