Translations of budget offer and firm offer in business quotes
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In a business quotation, how should \"budget offer\" and \"firm offer\" be translated? budget offer: Budget quote? firm offer: a definite quote? This post was last edited by wangviolet on 2009-2-19 21:45]
budget offer: budget-based quotation; firm offer: confirmed price
Isn’t “firm offer” an inappropriate term for the confirmed price? Because it’s a quote, so it has to wait until the other party accepts it before it can be confirmed?
Budget offer: A rough estimate of the price; Firm offer: The final price; Confirm offer: Confirmation of the price. In our usual quotations, we provide customers with a rough estimate, that is, an approximate price, which is usually given to clients who are not very familiar with such matters. Only when negotiating the price with the client do we provide them with a firm offer, which represents the actual market price and does not deviate much from it. This makes it easier for the client to accept it. Once the client accepts it, they will give us a confirmation, indicating that they have accepted our offer. This is my work experience; please give me your advice and discuss it!
I encountered a budget offer during the quotation stage for large-scale on-site gas supply, and at that time the client was not an unfamiliar one. When the customer requested further price adjustments, a firm offer was used; the foreigner said that this was the lowest price possible. Everyone understands what it means, but I don’t know the idiomatic term used in business.
Budget offer refers to a preliminary quote, that is, an initial estimate, which is an informal quote. This price will be adjusted after receiving the customer’s response; following detailed discussions, it may increase or decrease. A firm offer represents a fixed price; it is an official quotation, and the price generally remains unchanged within the validity period of the quotation – that is, it constitutes the contract price. Sometimes, foreign companies ask for a discount, that is, a percentage discount, which represents a slight change from the fixed price.
Is it not clear what this means? I don’t know how to describe the specific written form; could everyone give me some advice?
I think I’ll follow what king263 suggested, calling them preliminary quotes and fixed quotes. Thank you all.