TheCompliance Hub.
Legal documents & agreements

Estimate / quotation format.

Set out proposed pricing, scope, validity and assumptions before a customer places an order.

Scope before commitment Requirements explained
01 / THE BIG PICTURE

The right support.
With the details in view.

A quotation gives a prospective customer a clear commercial proposal before an order is placed. It should make scope, pricing, taxes, validity and assumptions easy to understand. The format must also explain how acceptance works, because an apparently informal quotation can become part of a binding contract when accepted or acted upon.

First, establish what applies

Documents should reflect the transaction, parties, location and applicable law. Drafting, legal advice, disputes, execution, stamping and registration need appropriate professional review; a template alone does not complete those steps.

What the scoped work can cover

  • Reusable quotation structure and wording
  • Scope, price and assumption field guide
  • Quote approval and acceptance checklist
02 / GET READY

A useful brief.
A stronger starting point.

Bring these inputs and existing records to the drafting discussion. They help turn a standard format into a document that reflects your situation.

  1. 01

    Business details, tax status and sales channels

  2. 02

    Product or service descriptions and pricing method

  3. 03

    Tax, delivery, expenses and exclusion assumptions

  4. 04

    Validity, payment and acceptance process

  5. 05

    Existing sales terms, sample quotes and approval limits

Share sensitive records only through an agreed secure channel after the engagement is confirmed. Do not send passwords, OTPs or signing keys.

03 / HOW IT MOVES FORWARD

One step.
Then the next.

A clear sequence, with room to resolve the details that are specific to your business.

  1. 01

    Map the sales workflow

    Identify who creates, approves and accepts quotations.

  2. 02

    Define pricing fields

    Separate base price, taxes, optional items and assumptions.

  3. 03

    Prepare the format

    Connect scope, validity and acceptance to the business’s sales terms.

  4. 04

    Test a real example

    Review how a representative transaction moves from quote to order and invoice.

Scope, fees and timing are agreed after review. Document readiness, professional review and any authority queries affect the schedule. Statutory charges, testing, execution and other third-party costs are identified where relevant.

04 / BEYOND THIS STEP

Keep the next
responsibility in view.

Use version control, retain accepted quotations and reconcile changes before raising an order or final invoice.

Explore obligations beyond your core business
05 / A LITTLE MORE CLARITY

Good questions.
Useful answers.

01Is a quotation the same as an invoice?+

No. A quotation proposes commercial terms; an invoice records a payment request for the relevant transaction.

02Can quoted prices expire?+

State a clear validity period and how pricing is confirmed after it ends, consistent with any accepted commitment.

03Can acceptance by email create obligations?+

It can, depending on the terms and circumstances. Define acceptance and authority clearly in the workflow.

OFFICIAL STARTING POINTS

Reviewed 20 October 2026. Requirements and effective dates should be rechecked for the actual application or transaction.

India Code — Indian Contract Act