How to Compare Supplier Quotations on TradesFolks
The lowest quotation is not automatically the best commercial offer. Compare quotations on a like-for-like basis before choosing a supplier.
Normalize the quotations
- Confirm each supplier is quoting the same specification, grade, quantity and packaging.
- Separate unit price from tooling, sample, freight, tax or other charges.
- Confirm quotation currency and validity period.
Compare commercial terms
- MOQ and quantity breaks.
- Production and dispatch lead time.
- Payment milestones or supported payment methods.
- Incoterm or shipping responsibility where relevant.
Compare supplier capability
- Product experience and documentation.
- Communication quality and response time.
- Ability to meet inspection, labeling, packaging or destination requirements.
Frequently asked questions
Should I compare only unit price?
No. Compare total commercial scope, specification, logistics, payment terms and supplier capability.
What if quotations use different currencies?
Preserve each quoted currency and compare using a clearly dated conversion reference if you need a common reporting currency.
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