Document background
The Proposal and Quotation document is a fundamental commercial instrument used in Saudi Arabian business transactions when one party wishes to make a formal offer of goods or services to another. This document type is essential for businesses operating in Saudi Arabia as it forms the basis for commercial negotiations and, when accepted, can constitute a binding agreement. It must be drafted in compliance with Saudi Commercial Law, Islamic Shariah principles, and relevant regulations including VAT laws and commercial agency requirements. The document typically includes detailed technical specifications, pricing structures, delivery terms, and commercial conditions. It's particularly important that the Proposal and Quotation adheres to local business practices and includes all necessary elements required by Saudi authorities, such as proper company identification, commercial registration details, and appropriate validity periods.
