Document background
A Proposal and Quotation document is a fundamental business instrument used to initiate commercial transactions in Pakistan. This document type is essential when a business wishes to formally offer its products or services to potential clients, providing detailed specifications and commercial terms. It serves as the first step in contract formation under Pakistani law, potentially leading to a binding agreement if accepted. The document must align with Pakistan's Contract Act 1872, Sales of Goods Act 1930, and other relevant commercial legislation. Typically, a Proposal and Quotation includes comprehensive pricing information, technical specifications, delivery terms, and standard commercial conditions, making it suitable for both simple product sales and complex project proposals. The document's format and content may vary based on industry standards and specific client requirements, but it must always maintain compliance with Pakistani legal and regulatory frameworks.
