Document background
A Price Offer Letter is a critical business document used in the Philippine market to formally communicate pricing proposals to potential customers. It serves as an official quotation document that, when accepted, can form the basis of a binding contract under Philippine law. The document is typically used when businesses need to provide formal pricing for products or services, whether in response to a request for quotation or as part of a proactive sales process. It must comply with various Philippine regulations, including the Civil Code, Consumer Act, and Price Act, particularly regarding pricing transparency and consumer protection. The document should include clear pricing details, payment terms, validity period, and any conditions attached to the offer. While primarily used in B2B contexts, Price Offer Letters can also be used in B2C situations where formal pricing documentation is required.
