Glossary » Sales Quote

Sales Quote

A sales quote is an estimate of the cost of a prospective buyer’s desired work. Many businesses provide services that cannot have an upfront price because the costs involved can vary. This can be due to the materials used, which can differ depending on the individual needs of the customer, and/or the necessary manpower.

Many companies will provide a potential customer with an estimate of the cost before starting work. This quotation is made by the company using the information that the potential customer provides, regarding relevant elements that may affect the price. A quote assists a prospective buyer in deciding whether to use a certain company or service.