The quote is valid for 30 days. The order arrived in week 11.

Every fixed-price quote is an option you have written for the customer, and the ones exercised late are the ones you least want back.

By Steve 5 min read
Abstract bridge artwork for The quote is valid for 30 days. The order arrived in week 11.

A quote does two things at once. It states a price, and it promises to hold that price for a period. Most businesses think hard about the first and inherit the second from a template. The validity line says 30 days because it said 30 days on the last one, and on the one before that. But that line is a financial instrument. For the period it runs, the customer holds the right to buy at your stated price and no obligation to do so. If your input costs rise,…

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Important: General information only. Rialto Bridge articles describe patterns and considerations that may apply to a business; they are not financial, legal, tax or accounting advice, and they take no account of your particular circumstances. Consider your own situation and seek advice from a qualified professional before acting.

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