A quote tells your customers your terms of service and how much you’ll charge. If a customer accepts your quote, it becomes a legally binding contract. Preparing good quotes can have many advantages for your business. You will be more competitive, show a professional image, achieve higher profitability, offer your goods at the right price, lower your legal risk and developing great quoting skills can help you win work and build a customer base.
Our top 3 tips to quoting are to:
- Put your quotes in writing to avoid confusion and misunderstandings
- Satisfy customers to better manage expectations
- Aim for a profitable return to grow your business
A well-written quote shows your professionalism and protects your business from legal and financial risks. Your quote document should include:
- Your business details
- Total and the breakdown of costs
- Variations and revisions
- Payment terms and conditions
- Preferred payment method
- Schedule of work with a quote expiry date
- Customer acceptance signature
If you’re looking for quoting templates, you can find and download them HERE.
Click HERE for more information.