Quoting is commonly the first process required in order to receive a sales order. Companies go about quoting their products and services differently. There is no right or wrong way as long as you are making profit and the product is as it should be. Manufacturers quoting methods are often determined by a range of factors. One of the main and most common influences is your competition. Going head to head with other manufacturers in order to win a job often drives prices down, and so in order to win the job you may have to forfeit some of your profit margin. On the other hand, some manufacturers costing method is driven by the industry itself. They may have patent on a unique product that sits in a niche market of its own, meaning that they can determine its pricing structure.