Your quote is good for ninety days. Your supplier’s price is good for thirty.

Every open quote is an option you've written for free, and the ones exercised late are rarely the ones you would have chosen.

By Steve 5 min read
Abstract bridge artwork for Your quote is good for ninety days. Your supplier’s price is good for thirty.

A quote sent in March and accepted in June is not the same commercial transaction as a quote sent and accepted in March. It produces an identical line in the order book, the same quoted margin in the forecast, and the same commission for whoever wrote it. But one of those deals was priced against known costs and the other was priced against a guess that has since been tested, and the market, not you, decided which way the test went. Most businesses treat quote validity as an administrative field.…

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