What is a fixed quotation?

What is a fixed quotation?

A fixed quote is a price quotation for catering or events where you agree on a fixed amount in advance that will not change. Unlike variable prices, your customer knows exactly what the event will cost, regardless of minor changes in the execution. This provides...
What is the difference between a quotation and an agreement?

What is the difference between a quotation and an agreement?

A quotation is a non-binding proposal from a company to a customer, while an agreement is a legally binding contract between both parties. The main difference lies in the legal consequences: a quotation can still be withdrawn or rejected, but an agreement obliges both...
What is the difference between a quotation and an invoice?

What is the difference between a quotation and an invoice?

The difference between a quotation and an invoice is that a quotation is a price proposal before the provision of services, while an invoice is a request for payment after the provision of services. A quotation does not entail a legal obligation to pay, whereas an...
What is the difference between a quotation and a price estimate?

What is the difference between a quotation and a price estimate?

A quotation is a legally binding commitment with fixed prices and conditions, while a price estimate provides a non-binding indication of possible costs. For hospitality and event entrepreneurs, this difference is important because it determines whether your customer...
Is a quotation a valid contract?

Is a quotation a valid contract?

A quotation becomes a valid contract when both parties accept the terms and conditions and there is mutual agreement. In the hospitality and events industry, this usually takes the form of written confirmation, a signature or the payment of a deposit. Without clear...

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