Price quotation is very much important for the both buyer and the seller. The understanding between the seller and buyer should be fine. When a seller gives a quotation he or she should be careful. The quotation letter should contain all the information which is necessary for understanding all the points of dealing. The price should fix by analyzing all the costs seen and unseen in a process. The price fixation should be fine.
In garment pricing, the merchandiser will be well known about the process sequence of apparel. On the other hand, in the jute section, the merchandiser should know about the price of jute materials, process cost, overhead cost, maintenance cost, carrying cost, and other costs which is required for exporting jute goods domestically or abroad. The main fact is that a good knowledge person can give price quotation which is suitable with the present situation.
Contents of Price Quotation:
Significantly, price quotation of products is important to get the best price of the product with the concern of the buyer and product manufacturing cosThe quotation is the letter of dealings. In a quotation, the following points must contain. They are-
- Type of quotation.
- Quality of the products offered for sale.
- Total quantity of the products offered for sale.
- Sale price of unit products.
- Total sum of price of the products.
- Payment types like cash or credit, cash discount, cash discount and other allowances.
- Duties details.
- Shipment date, time and place.
- Packing, labeling and insurance details.
- Error and omission expected (E and O.E).
- List of destination of the documents copy.
Overall, there are lots of points that must maintain in the price quotation. So, one can give additional information in the quotation it depends on the buyer’s requirement.
Moreover, to get the best buyer, the seller should send the best possible quotation. On depends on the quotation, they will place an order because it is the basis on which the interested buyer decides whether to buy or not.
At last, the price quotation of products should be courteous, clear, and concise.