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 Earlier versions stay readable and are marked superseded.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
Prices and quantities on any line.
Cannot change
The currency, which locked at first submission.
Can change
The scope, since lines can be added, amended or removed.
Cannot change
The recipient. A revision stays with the same provider.
Can change
Commercial terms such as validity and conditions.
Cannot change
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.
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