Document background
The Proposal For Quotation document is a fundamental tool in Nigerian commercial transactions, used when a supplier wishes to formally offer goods or services to potential customers. It is particularly relevant in both private sector transactions and public procurement processes, where it must comply with the Public Procurement Act 2007 and other relevant Nigerian legislation. This document type is essential for transparent business dealings, providing detailed pricing information, technical specifications, delivery terms, and commercial conditions. It serves as the initial step in contract formation, often leading to purchase orders or formal contracts. The document must incorporate local content requirements where applicable, especially in regulated sectors like oil and gas, and should reflect current market conditions while adhering to competition laws and pricing regulations.
