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What's the difference between an offer and a quotation?
There is no difference between the two. Quotation generally refers to quotation, which is divided into securities quotation, tender quotation and product quotation. Securities quotation is the highest or lowest bid for a certain kind of securities news in the securities market in a certain period of time.

Securities quotation:

Securities quotation is the highest or lowest price paid by traders in the securities market for a certain period of time. Quotation represents the highest price that buyers and sellers are willing to pay. The bid price is the price that the buyer is willing to buy a security, and the bid price is the price that the seller is willing to sell. The order of quotation is customarily to quote first and then quote. In the stock exchange, there are four kinds of quotations: one is shouting, the other is gesturing, the third is filling in the declaration record form, and the fourth is inputting it into the computer display screen.

According to the bidding documents and relevant regulations, the bidder shall calculate the economic documents of various expenses required to complete the bidding project according to the natural, social and economic conditions of the area where the bidding project is located, the construction organization design and the bidder's own conditions.

Tender offer:

Bidding quotation is the key to directly affect the success or failure of bidding and the profit of the project. There are advantages and disadvantages to quoting too high and too low. How can we win the bid with a certain profit? Here, the construction drawing budget and unit price analysis or total cost are explained.

First of all, we must have an accurate construction drawing budget. Excluding the possible management fees of the construction unit (owner), we can basically think that this budget is the pre-tender estimate of the construction unit (owner), and the construction drawing budget is generally higher than the estimated project cost, so we will quote in this respect, which is much higher than the construction drawing budget-"winning rate". How much higher than the predicted cost-"profit". We should not only consider the interests and long-term goals of the unit, but also correctly estimate the situation of competitors and decide our own quotation reasonably.

Product quotation:

In international or domestic trade, the buyer asks the seller about the commodity price, and the seller comprehensively considers the cost, profit and market competitiveness of the product and quotes the feasible price. The seller's general quotation business process is cost accounting-making a printed quotation-submitting it for signature-faxing it to the customer.