A sales quote is a document that tells a potential client how much your product or service will cost. It's not a legally binding contract but rather a formal notice of the estimated price.
Why is sales quotation important?
Sales quotes are important because they help establish a base price for goods and services. This can help a customer review their budget and their project needs to determine which quote best serves their needs. Sales quoting also allows the business that's providing the sales quote to prepare for incoming orders.