A price quote is a document prepared by a seller, containing an estimated cost of the goods or services that a buyer wishes to purchase. It is most often used as a way for businesses to give potential clients an idea of what their services and products will cost before negotiations take place. Price quotes are typically tailored to each customer’s individual needs and may include discounts, shipping costs, product details and payment options. By providing buyers with this information ahead of time, sellers can create more efficient and transparent business transactions.