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It is a need for every construction business to have a construction quotation in order to provide their potential clients the estimates of the material and labor price to finish their house or any building construction. However, creating one from scratch requires a lot of time and effort. The good news is you can skip the hassle part when you use our ready-made Construction Quotation Templates by customizing them as your own. Our high-quality templates are available in Google Docs, MS Word, Google Sheets, Numbers, MS Excel, and Apple Pages, and you are assured that you can edit the files with ease and convenience. Choose from our wide range of 100% customizable templates and enjoy the special privileges from today!
On the header of your quotation, write the important details of your company, such as name, construction letterhead, address, and contact details. Apart from providing your client the contact information, this would also serve as a way to boost your branding, so your name would be known in the market.
As a minimum, the details of the salesperson that must be included in your quotation are the name and contact number. Giving your potential customers these details would encourage them to communicate with you through your salesperson in case they have related concerns and clarifications.
In a construction industry setting, when the prices of the raw materials needed in the construction project can drastically change from time to time, it is vital to set the validity or expiry date of the quotation. This would help you clearly estimate the appropriate price based on the current construction market price of your materials. Usually, the validity period of the quote is one month or 30 days.
These include the raw materials that you need and their price sheets, the number of workers and their hourly rates, the overall number of hours it would take to complete the project, any milestones, and the payment after every milestone achieved and the total amount. Additionally, you must also clearly specify the taxes, fees, and other charges to be paid by the client.
It is also important that you highlight the totals because many clients are concerned about the total payment and construction financial statements, and will immediately scan the page to see the final amount that they are going to pay. You can render it in bold, or you can double rule the final price.
Both parties of the construction service must know and agree to the terms and conditions related to the transaction. Hence, you must reserve a section in your quotation where you present the terms and conditions and other notes that your potential client must know before he or she finalizes the transactions with you.
Finally, the signature of the salesperson in charge of the transaction must be affixed at the bottom of the formal document confirming the legitimacy and validity of the construction quotation.
A construction quotation is a formal document in a sales transaction that is prepared by a construction firm or business and is sent to a potential client. This document contains the information that a customer needs to know, such as the raw materials needed and their respective prices, the labor required and the rate per hour, duration of time or schedule to complete the project, modes of payment, terms of payment, and validity date of the quotation.
The main difference between a quotation and an estimate is that: a quotation is an agreed fixed price. an estimate is an approximate price that may change.
Format a quotation of 40 words or more as a block quotation, which involves starting the quotation on a new line and indenting the entire quotation by 1.27 cm or one-half inch (American Psychological Association, 2010, p. 171). Do not use quotation marks when formatting a block quotation.
A formal quotation is a statement of promise, usually submitted in response to a request for quotation, by a potential supplier to supply the goods or services required by a buyer, at specified prices, and within a specified period. A quotation may also contain terms of sale and payment and warranties.
The components of a remodeling contract are: