Document background
The Proposal and Quotation document is a fundamental business document used in the United Arab Emirates when one party wishes to make a formal offer of goods or services to another party. It serves as both a technical specification document and a commercial offer, typically used in the initial stages of business transactions. The document must comply with UAE Federal laws, including the Civil Code, Commercial Transactions Law, and VAT legislation. It provides detailed information about products or services, pricing structures, delivery terms, and commercial conditions. When accepted, a Proposal and Quotation can form the basis of a binding contract, making it essential to include clear terms and conditions that align with UAE legal requirements. The document is particularly important in competitive bidding situations and formal procurement processes, where detailed specifications and commercial terms need to be clearly documented.
