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Commercial Quotation for Singapore

Commercial Quotation Template for Singapore

A standardized commercial quotation template compliant with Singapore law, designed to provide formal price proposals for goods or services. The document incorporates key requirements under Singapore's Contract Law, Sale of Goods Act, and GST regulations, while providing clear terms for pricing, delivery, and payment. It serves as a professional communication tool that can potentially form the basis of a binding contract upon acceptance.

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Commercial Quotation

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What is a Commercial Quotation?

The Commercial Quotation Template is a fundamental business document used in Singapore's commercial landscape to formalize price proposals and terms of potential transactions. It serves as the first step in contract formation, providing detailed information about offered goods or services, pricing structures, and delivery terms. This template ensures compliance with Singapore's legal framework while maintaining flexibility for various business contexts. The document typically precedes purchase orders or formal contracts and can be customized for different industries while maintaining essential legal and commercial protections.

What sections should be included in a Commercial Quotation?

1. Company Information Header: Company details including legal name, registration number, address, and contact information

2. Quotation Reference: Quote number, date of issue, and validity period

3. Client Information: Client's business details including name, address, and contact person

4. Scope of Supply: Detailed description of goods/services being quoted with itemized listing

5. Pricing Details: Item-wise pricing, subtotals, GST calculations, and total amount

6. Payment Terms: Payment schedule, method of payment, and banking details

7. Delivery Terms: Delivery timeline, location, and shipping terms

What sections are optional to include in a Commercial Quotation?

1. Warranty Section: Details of warranty terms and conditions, include when providing goods or long-term services

2. Installation Services: Details of installation services and requirements, include when offering product installation

3. Training Provision: Description of training services offered, include when providing product or service training

4. Maintenance Terms: Maintenance service details and schedules, include for equipment or ongoing service contracts

5. Special Conditions: Any special terms or conditions specific to this quotation

What schedules should be included in a Commercial Quotation?

1. Technical Specifications: Detailed technical specifications of products or services offered

2. Standard Terms and Conditions: Company's standard terms and conditions of sale

3. Product Images and Diagrams: Visual representations and technical diagrams of quoted items

4. Service Level Agreement: Detailed service levels and performance metrics for service-based quotations

5. Compliance Certificates: Relevant product certifications or compliance documentation

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Singapore

Publisher

Ƶ

Document Type

Invoice Form

Sector

Sales

Cost

Free to use
Relevant legal definitions

























Clauses

























Industries

Contract Law (Chapter 53): Primary legislation governing contract formation, validity, and enforcement in Singapore, including common law principles

Sale of Goods Act (Chapter 393): Regulates contracts for the sale of goods, including terms, conditions, and warranties implied by law

Electronic Transactions Act (Chapter 88): Governs electronic transactions and digital signatures, relevant for electronic quotations and acceptances

Consumer Protection (Fair Trading) Act (Chapter 52A): Protects consumer interests and regulates unfair practices if dealing with consumer transactions

Goods and Services Tax Act (Chapter 117A): Regulates GST requirements and tax obligations in commercial transactions

Companies Act (Chapter 50): Governs corporate entities' business operations and legal requirements in Singapore

Business Names Registration Act 2014: Regulates business name registration and usage in commercial documents

Personal Data Protection Act 2012: Governs the collection, use, and disclosure of personal data in commercial transactions

Formation of Contract Requirements: Legal requirements for quotation validity, acceptance terms, and binding nature of the offer

Commercial Terms Specifications: Essential elements including price, payment terms, delivery terms, and warranty specifications

Liability and Risk Provisions: Legal framework for limitation of liability, force majeure, and risk transfer points

Industry-Specific Regulations: Relevant licensing and regulatory requirements specific to the industry sector

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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