Quotation Approval Form (QAF)

description producers & consumers template example

Description top

The Quotation Approval Form records formally the elements of a Bid that make up the commercial offer. They include the:

basic costs and cost calculations
price calculations, including contingency and markup
contract terms
cash flow summary
Approval of the calculated costs, price, and parameters that shape the offer including markup, warranty, contingency, contract protection and so on.

Until a QAF has been signed a commercial offer can not be sent to an End User or a Customer.

Producers and Consumers top

Producers	Consumers
Price Solution	Approval Review
	Submit Bid
	Negotiate a Contract
	Approve a Contract

Templatetop

The following Product Templates are available:

for all Bids:
- an Excel workbook called Quotation Approval Form.

This workbook is a set of linked Excel worksheets which, when the basic costs are entered, will automatically calculate total costs, contractual provisions, and price. Some parameters (e.g. markup, liquidated damages) have standard values. These may be changed, but the changes will be subject to Approval when the Bid is reviewed.

Example top

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