Document background
A Proposal Quotation is a critical business document used when a supplier wishes to make a formal offer to provide goods or services to a potential customer. This document type is extensively used in Australian business transactions and must comply with various federal and state legislation, including the Competition and Consumer Act 2010 and Australian Consumer Law. The Proposal Quotation typically includes detailed pricing structures with GST considerations, specific product or service descriptions, delivery terms, validity periods, and conditions of supply. It serves as both a commercial and legal document, potentially forming the basis of a binding contract if accepted. The document is particularly important in business-to-business transactions and must be carefully drafted to ensure all required elements under Australian law are included, while also protecting the commercial interests of both parties. In many cases, it forms part of a broader procurement process and may be submitted in response to a formal Request for Quotation (RFQ) or similar inquiry.
