Product / Goods Follow Up

Price Negotiation

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Description:

This document is a draft letter addressed to a vendor, requesting that they lower the price as stated in the quotation previously provided.

In this letter, the team from the business discusses details of the price negotiation, pointing out that they have budget constraints and negotiating for more competitive pricing.

The letter ends with a counter-offer, a lowered price plan that is more reasonable to the business and at the same time more affordable for the customer.

How to use this Document?

This letter should be used by businesses that have gotten a quotation from a supplier or a vendor.

A business should provide specific reasons to compel the vendor or supplier to lower their prices, for example, drawing references to other competitors.

It is the key to be specific, users are advised to provide price and quantity that are reasonable to them instead of merely asking the vendor to lower their prices.

How to Tailor the Document for Your Need?

  1. Create Document: Click “Create Document” button and the document will be prepared with your account details automatically filled in.

  2. Please fill in any additional information by following the step-by-step guide on the left-hand side of the preview document and click the “Next” button.

  3. When you are done, click the “Get Document” button and you can download the document in Word or PDF format.

  4. Please review the document carefully and make any final modifications to ensure that the details are correct before sending to the addressee.

Document Type:

Letter / e-mail / note / correspondence

Category:

Business > Goods and Services > Order / Pricing / Tender / Quotation

 
Keywords:

products

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goods

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price

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negotiate

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negotiation

,  

discount

,  

quotation

,  

quote

,  

budget

,  

vendor

,  

sale

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Author:

DocPro Legal

DocPro Legal is a team of legal professionals with a passion for making quality documents and legal contract templates widely available to the public through cutting edge technology. Our lawyers are qualified in numerous common law jurisdictions including the United Kingdom, Australia, New Zealand, India, Singapore and Hong Kong. We have experience in major law firms and international banks with expertise in business, commercial, finance, banking, litigation, family, succession and company laws.