Sometimes, customers refuse to pay the amount for work performed at the end of the project. It seems that a simple handshake or a verbal agreement on the timing and cost of a project is a risky endeavor.
Meanwhile, a business quote is a natural way out of the situation. The essence of a paper is that you and a customer fix the amount of work and its cost even before a project begins. Wondering how to make a quote? You were at the right time and in the right place.
Today you will learn about quote meaning in business and how this paper helps avoid a challenging situation when it comes to paying bills from a customer.
What is a Quote, and Where to Use It?
If you are a novice businessman in the construction business, you will often come across such a concept as a quote. What does a quote look like? Everything is simple. This is a paper with a complete list of works or services and their cost.
As a rule, this type of paper is drawn up before the start of a project so that both parties agree on the cost and scope of work. In addition, a document is considered valid for a certain period. If this is your first time looking at how to create a quote, the first thing to look at is the “Valid for… 10, 20, or 30 days” field.
The next thing you should focus on is how to send a quote. Here you can use the paper's printed version or send a document by email. The point is that a contractor and a customer agree on the amount and list of work in the estimate. Further, a customer is obliged to pay the amount agreed in a paper.
As you can see, there is nothing complicated in the “how to make a business quote” thing. However, if you want this process to take a minimum amount of time, we recommend using the online quote maker. This software can be installed on a smartphone and send estimates to customers in one click.
Keep in mind that the project's final and estimated amounts may differ from time to time. Sometimes this may be due to a change in the total amount due to an increase in the volume of work or a difference in the list of services that should have been performed.
There is no point in setting the estimate manually. It will be much easier to use automated software. Thus, you can focus on a work implementation and forget the routine paperwork.
What a Quote Is for Your Business?
Remember once and for all that this document is necessary to fix the preliminary agreements with a customer. These agreements may include the following:
- Preliminary price for the full scope of work
- A detailed list of services to be performed
- Total cost
- Payment terms and so on
In the meantime, creating a quote can seem like a tedious process. For this reason, most contractors prefer to use automated software such as Invoice Maker by Saldo Apps.
The app provides instant access to dozens of free templates that can be customized to fit your business or specific niche. It is enough to add a company logo, indicate payment details, or add the required number of fields so that your estimate includes all the detailed information necessary for an agreement with a customer.