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What's the difference between offer and quotation?
If a buyer says:can you give me your best price?
Then seller says:sure,i will send you a price list in a minute.
offer and quotation both mean price list,so which is correct?
And this?
A offer or quotation for Mr.XXX (which one?)
1 Answer
- Anonymous5 years ago
When someone prepares a price for you, it's called a "quote," not a "quotation."
In this context, "offer" and "quote" can mean the same thing. For example:
Will you quote me a price I can afford to pay?
Will you offer me a price I can afford to pay?
You can't always interchange them, though. For example:
He quoted me $500 to fix the door. (He offered to fix the door for $500.)
He offered me $500 to fix the door. (He wanted to pay me $500 to fix the door.)
In the above examples "quote" can't be switched with "offer." It changes the entire meaning.
As nouns in this context, an "offer" is a usually amount someone is willing to pay as a buyer. For example:
He made an offer of $500. (You can't say, "He made a quote of $500.)
On the other hand, a "quote" is usually an amount someone is willing to accept as a seller. For example:
He gave me a quote of $500. (This doesn't mean, "He gave me an offer of $500)
"Quote" and "offer" aren't interchangeable as nouns. That said, an "offer" can mean a promotional price offered by a seller, so it's clear as mud.