Price Quote Template: Free Download

Tips for Filling the Template

1. Prepare a Price List

Most businesses or service providers will have to create a business quote template at some point. If you sell a stable variety of products, this might be the only way of pricing you must have. This kind of normal quote template could also be used as the foundation for pricing the nonstandard orders..

2. Prepare a Written Estimate

In preparing estimate, it is a good practice to provide the customer with a written price quote template, which includes a full breakdown of expenses.

The estimate must include the following:

a. Total price

b. Breakdown, that states the price components

c. Schedule, which details when work will be finished or the products be delivered

d. Terms and conditions

e. The estimate time period it is valid for

f. Payment terms or schedule

You have to include full contact information of your business in your estimates.

3. Prepare a Written Quotation

It is also wise to get the customer's written approval that they are happy with the price you’ve estimated and the work that this comprises. This has to be done before you perform the work, or offer the services or goods.

4. Prepare a Price for a Tender

If you offer services or goods to other businesses, you might need to contend for contracts by presenting a tender. Even though value for money could be a significant element of a lot of tenders, the way you put price on your bid could also make the difference between losing or winning the deal.

What Price Quote Is

Price quotes are price estimations based on the product or service being offered. These are commercial document that are being used by an individual seller or a company to allow a potential client to know the actual price of a service or a product before confirming a sales transaction. A well-written price quotes can also be advertising tool for a company or business to impact prospective customers to buy favorite products or items on affordable rate than other businesses. Aside from other details such as form of goods and price, a price quotes also highlight a precise period of time for which it is legal. The use of price quotation template is a good means to create just accurate price quotes. This guide summaries how to create a free quotation template of your services or products to your potential clients.

Price Quote Format

A quote consists of information about the amounts of precise products, terms and conditions of payments and delivery. It should be written with brevity and comprehensive tone.

1. Header:

Date

Company name (if you have any)

Business Address

Contact number

2. Body:

Product specification

Amounts

Unit price

Total price

3. Closing:

Your name and signature

Name of the company

Stamp of your company if needed

More tips about Price Quote

1. Make sure your sales quotes are correctly constructed

2. Send a quote as soon as possible

It’s a nice idea to make use of cloud software to rapidly make and distribute quotes immediately or directly after the first meeting.

3. Insert a quoting engine on your website

You might not always be able to come across the potential client in person. But setting up a quoting engine on your website or social media page speeds up the process and lets clients to do business with you without further negotiation.

4. Follow up within 2 to 3 days of sending

There are times when business or industry procedure orders when you have to follow up. But, it’s always best that you take advantage of favorable circumstances while they last.

5. Ask the what’s wrong and learn from it

Always keep in mind to ask potential clients why they did not accept the quote. From knowing the problem, you can easily make proper adjustments for your next free quote template.