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Procurement and RFQs

Quote Revision

A new version of a quotation issued after prices, scope, terms or other details have been changed. In maritime procurement, the concept helps buyers and providers define, price, compare and authorize operational requirements.

Key takeaways

  • A revision replaces the version before it. Earlier versions stay readable and are marked superseded.
  • The buyer asks for it. The provider issues it.
  • It builds on the last version, so lines nobody touched carry across unchanged.

Quote Revision is a term used in maritime business and operations.

A new version of a quotation issued after prices, scope, terms or other details have been changed.

In maritime procurement, the concept helps buyers and providers define, price, compare and authorize operational requirements. The exact meaning may vary with the contract, jurisdiction, port practice or workflow in which it is used.

What a revision can and cannot change

Can change
Cannot change
Prices and quantities on any line.
The currency, which locked at first submission.
The scope, since lines can be added, amended or removed.
The recipient. A revision stays with the same provider.
Commercial terms such as validity and conditions.
The request itself, which is not reopened or restarted.
Revisions in PortzApp

Who can revise

In PortzApp requesting and issuing revisions is limited to the Admin, Manager and Finance roles on each side, so a revision is always raised and answered by someone holding commercial authority.

How quotations and revisions work
FAQ

FAQ

The most common questions we get about Quote Revision.

What does Quote Revision mean?
A new version of a quotation issued after prices, scope, terms or other details have been changed.
What is the difference between a revision and a new quote?
A revision continues the same offer with one provider, building on the last version. A new quote would be a separate submission. Requesting a revision does not reopen the request to anyone else.