Every business has to give its customers prices for its products or services. There are several ways you can do this.
Many businesses, such as hairdressers, pubs and restaurants use a standardised price list that remains the same for every customer. Other businesses, such as mechanics, painters and decorators, have to provide tailored prices for the specific products or services a customer wants to buy. This is usually done with an estimate or a quotation. Larger, more complicated projects are often priced on the basis of a detailed tender document drawn up by the customer.
This guide outlines how to present your prices to your customers. It tells you how to create a price list, describes the difference between a quotation and an estimate, details how to prepare quotations and estimates and describes how to price a tender for a contract.