What is a quotation letter?
A quotation letter is a formal business letter that states the price and terms for goods or services. A seller sends it after an enquiry, and a buyer writes a request for quotation to ask for one. It is an offer: it binds the seller only if the buyer accepts it within the validity date. It is different from a proforma invoice, which comes after the buyer has decided to buy. The same layout works for a school asking for sports equipment, an office buying furniture, an IT services quote or a trade supply.


