Quotation vs. Tender

Main Difference

The main difference between Quotation and Tender is that Quotation is a static rate suggestion, which is giving to the client, and it is not variable, whereas Tender is a proper way for the supplier to submit proposals to supply raw material, products, or services.

Quotation vs. Tender — Is There a Difference?
ADVERTISEMENT

Difference Between Quotation and Tender

Quotation vs. Tender

The quotation is an immovable price suggestion, whereas tender is the response of invitation.

Quotation vs. Tender

The quotation is accepting by the customer; on the other hand, tender is from the potential supplier.

Quotation vs. Tender

The quotation is a fixed price offer. Conversely, tender is using for finding out the best value of money.

Quotation vs. Tender

A quotation is a reaction to a demand for quotation (RFQ). On the flip side, tender is using in response to demand for tender (RFT).

Quotation vs. Tender

Quotation determines the price; on the other hand, tender determines the amount and quality both.

Quotation vs. Tender

The scope of the quotation is narrow, whereas the extent of tender is broader.

ADVERTISEMENT

Quotationnoun

A fragment of a human expression that is repeated by somebody else. Most often a quotation is taken from literature or speech, but also scenes from a movie, elements of a painting, a passage of music, etc., may be quoted.

"Where they burn books, they will also burn people" is a famous quotation from Heinrich Heine.

Tenderadjective

Sensitive or painful to the touch.

Quotationnoun

A price that has been quoted for buying or selling.

Let's get a quotation for repairing the roof before we decide whether it's worth doing.

Tenderadjective

Easily bruised or injured; not firm or hard; delicate.

tender plants; tender flesh; tender fruit

Quotationnoun

The act of setting a price.

Tenderadjective

Physically weak; not able to endure hardship.

ADVERTISEMENT

Quotationnoun

(obsolete) A quota, a share.

Tenderadjective

(of food) Soft and easily chewed.

Quotationnoun

a short note recognizing a source of information or of a quoted passage;

the student's essay failed to list several important citationsthe acknowledgments are usually printed at the front of a bookthe article includes mention of similar clinical cases

Tenderadjective

Sensible to impression and pain; easily pained.

Quotationnoun

a passage or expression that is quoted or cited

Tenderadjective

Fond, loving, gentle, sweet.

Suzanne was such a tender mother to her children.

Quotationnoun

a statement of the current market price of a security or commodity

Tenderadjective

Young and inexperienced.

Quotationnoun

the practice of quoting from books or plays etc.;

since he lacks originality he must rely on quotation

Tenderadjective

Adapted to excite feeling or sympathy; expressive of the softer passions; pathetic.

tender expressions; tender expostulations; a tender strain

Tenderadjective

Apt to give pain; causing grief or pain; delicate.

a tender subject

Tenderadjective

(nautical) Heeling over too easily when under sail; said of a vessel.

Tenderadjective

(obsolete) Exciting kind concern; dear; precious.

Tenderadjective

(obsolete) Careful to keep inviolate, or not to injure; used with of.

Tendernoun

(obsolete) Care, kind concern, regard.

Tendernoun

The inner flight muscle (pectoralis minor) of poultry.

Tendernoun

(obsolete) Someone who tends or waits on someone.

Tendernoun

(rail transport) A railroad car towed behind a steam engine to carry fuel and water.

Tendernoun

(nautical) A naval ship that functions as a mobile base for other ships.

submarine tenderdestroyer tender

Tendernoun

(nautical) A smaller boat used for transportation between a large ship and the shore.

Tendernoun

A means of payment such as a check or cheque, cash or credit card.

Your credit card has been declined so you need to provide some other tender such as cash.legal tender

Tendernoun

(legal) A formal offer to buy or sell something.

We will submit our tender to you within the week.

Tendernoun

Any offer or proposal made for acceptance.

Tenderverb

To make tender or delicate; to weaken.

Tenderverb

(archaic) To feel tenderly towards; to regard fondly or with consideration.

Tenderverb

To work on a tender.

Tenderverb

(formal) To offer, to give.

to tender one’s resignation

Tenderverb

to offer a payment, as at sales or auctions.

Tendernoun

something used as an official medium of payment

Tendernoun

someone who waits on or tends to or attends to the needs of another

Tendernoun

a formal proposal to buy at a specified price

Tendernoun

car attached to a locomotive to carry fuel and water

Tendernoun

a boat for communication between ship and shore

Tendernoun

ship that usually provides supplies to other ships

Tenderverb

offer or present for acceptance

Tenderverb

propose a payment;

The Swiss dealer offered $2 million for the painting

Tenderverb

make a tender of; in legal settlements

Tenderverb

make tender or more tender as by marinating, pounding, or applying a tenderizer;

tenderize meat

Tenderadjective

given to sympathy or gentleness or sentimentality;

a tender hearta tender smiletender loving caretender memoriesa tender mother

Tenderadjective

hurting;

the tender spot on his jaw

Tenderadjective

susceptible to physical or emotional injury;

at a tender age

Tenderadjective

having or displaying warmth or affection;

affectionate childrencaring parentsa fond embracefond of his nephewa tender glancea warm embrace

Tenderadjective

easy to cut or chew;

tender beef

Tenderadjective

physically untoughened;

tender feet

Tenderadjective

(used of boats) inclined to heel over easily under sail

Tenderadjective

(of plants) not hardy; easily killed by adverse growing condition;

tender green shoots

Comparison Chart

QuotationTender
A quotation is a fixed rate suggestion to give the clientTender is a formal way for dealers to submit proposals
Range
NarrowLarge
Working On
PricePrice and Quality
Used For
Offering fixed priceFinding out the best price

Quotation vs. Tender

The quotation indicates a permanent price offer that is giving to the consumer as a response to the tender notification, whereas the tender is a certified method to the contractors to submit a bit to provide products, services, and raw material. The quotation has a legal binding, while the tender is presenting by the potential supplier. The quotation is accepting by the customer, whereas the tender is a response to an invitation. The quotation cannot modify and change, while the tender has variations.

The quotation is working for prices, whereas tender is working for costs and quality as well. The scope of a quotation is narrow, while the range of a tender is cooperatively considerable. The main intention of the quotation is to offer a fixed amount, whereas the primary purpose of the tender is to find out the best prices from different resources. A quotation is a reply to request for quotation (RFQ), whereas a tender is using in answering to ask for tender (RFT).

The quotation is not a comparatively formal way to ask the customers, whereas tender is the legal process of proposing to the suppliers. A quotation is receiving by a company, while the tender is inviting by the government department to complete public projects and work.

If someone appeals for a quotation from any side like providing protection facilities and also call a plumber for an evaluation before he starts work to mend plumbing accessories, Whereas tender is a term that we get in joining with submissions appealing by government departments for the accomplishment of public workings and developments.

What is a Quotation?

The quotation is a paper that an association accedes to one or more probable suppliers producing a product or service. It is a permanent rate recommendation to give the consumers. The quotation may also understand as a manuscript of assurance that is providing by the potential dealer to supply specific goods or services that is demanding by the customer at the specified price less than particular situations. It covers terms of trade, recompense, and security, which includes the price apparent to control for the creation or capability, date, period and place of circulation, validity period of quotation.

An appeal for quotation converts a standard occupational workout whereby dealers are appealing to the proposal for products and amenities. We request for a quotation from assurance representatives, plumbers, electricians, and even roofing specialists already defining in support of a specific supplier or provider.

Quotation supports the purchaser in knowing the cost of belongings or amenities before creating a procurement. The quotation usually is creating a base that is requiring by clients’ conditions. By sending the quotation to the client, the supplier is promising to the proposed price of the quotation, and it should take into attention all the costs relating to the work and computing with a profit margin for the business to make a profit. Quotations may also consider the period for when it is valid because after the period expires, a new quotation requires and as well as an illumination of variations in price due to the alterations or amendments to the original statement.

What is Tender?

Tender is the process of making an offer or proposal to show concentration in reaction to an invitation or demand. The tender manuscript is sending to credible contractors, to demand information, to pick the merchant at the opening of price, distribution terms, and suitability. An invitation of the tender is moving by the government responsibility, financial organization, or a big corporation for different plans. It is consuming to catch out the greatest worth of money from potential dealers.

Tender is actually a significant method of procurement of belongings and amenities for a corporation, permanently a public region establishment. The tender is an article that places down the dealings and conditions of the application. Tendering is the concern presenting by collectors as they make proposals or suggestions in response to requests set out by companies in the form of announcements in newspapers.

The term tender typically indicates the method where governments and economic organizations call for efforts for large signs of progress that is submitting contained by limited closing time. A tender is proposing an open solicit to all stockholders stimulating that they tender their store for deals at a specific price throughout a particular time. The term tender also raises to the procedure whereby bondholders submit their stocks or protections in response to a takeover offer. Corporations do not necessarily go in for the minimum quantity of a proposal as they have to confirm that the work is completing within a time limit and to the contentment of the corporation. Types of the tender are open tender, selective tender, negotiated tender, and single-stage and two-stage tender.

Conclusion

Quotation and tender are generally very collective arguments that individuals consume in everyday lives. The government assistance or the organizations pick the quotations or tenders, that they fulfill their needs, and provide value for money.