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businessNewUpdated: 2026-11-01

Quotation Generator

Draft itemized quotations and project estimates for prospects. Define scope, itemized labor and materials, set estimate expiry dates, and convert quotes directly into finalized invoices with a single click.

Quotation vs. Estimate: Understanding the Legal Difference

Formal Quotation (Fixed)

A legally binding commercial offer. Once signed or confirmed by the client, the price cannot be changed unless project scope is formally renegotiated.

Preliminary Estimate (Variable)

A non-binding educated guess. Provides an expected budget range but allows flexibility if unforeseen labor or material costs arise.

Validity Expiration Clause

Always set a clear expiry date (typically 14 to 30 days) to protect your profit margins against wholesale supplier price spikes.

Currency:

PRICE QUOTATION

Commercial project estimate & proposal. Fully editable.

Prepared By / Service Provider

Prepared For / Client

Proposed Scope & Deliverables

2 lines
£
£1,800.00
£
£850.00
%
Estimated Subtotal:£2,650.00
Discount (5%):-£132.50
VAT (20%):£503.50
Total Estimate:£3,021.00

The Streamlined Quote-to-Invoice Workflow

UtilityFinch allows you to draft a formal PDF quote with custom terms and validity periods, and instantly convert it into an invoice when the client gives approval—with zero re-typing or data loss.

  1. Draft & Send Quote: Fill out client details, scope items, and expiry date. Download the PDF and deliver to your client.
  2. Client Confirms: Upon acceptance, open this quote workspace in your browser.
  3. Convert to Invoice: Click the “Convert to Invoice” action button to automatically populate our Invoice Generator with all line items intact.
  4. Issue Invoice: Add payment bank details and issue the final billing PDF.

Learn the legal rules, mathematical formulas, and practical best practices behind these calculations.

Frequently Asked Questions

Can I convert an estimate into an invoice later?

Yes, our quotation tool allows one-click conversion of accepted estimates directly into editable invoices.

How long should a quote remain valid?

Standard commercial quotes typically specify validity between 14 and 30 days to protect against supplier price fluctuations.

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