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DictionaryquotationPrice estimate
noun

quotation

A stated price for supplying goods or services.

The contractor sent a quotation for replacing the roof.

Etymology
quotEnglishto state a price
+ationEnglishaction or result

Quote developed a commercial sense of stating a current price. Quotation names that stated amount for a proposed supply of goods or services.

More examples

  • We requested quotations from three suppliers.
  • The written quotation included delivery charges.
  • Their final bill exceeded the original quotation.

Forms

quotation · quotations

Similar words

estimate
An estimate may be approximate; a quotation commonly states a supplier’s proposed price for specified work.
bid
A bid is an offer competing for a contract; a quotation need not be competitive.