This Formal Quote Template is a document businesses of all sizes use to provide a specific product or service price. Formal quotes usually include a description of the work or service offered and a contract the recipient must sign. There can be times when a client or customer requires immediate hiring. However, there will be times when you compete with other providers or must persuade the customer that they need the service in the first place. A formal, well-designed quote can be the deciding factor in these cases.