This Quote Template is a document sellers use to communicate the prices of the goods or services that a buyer has requested. It is typically sent to a prospective customer following an initial request for a quotation. A purchase order, on the other hand, is the actual order the buyer places with the seller of their choice. This decision can be made through an RFQ or simply because the customer already knows the seller from whom to order—most likely through a previous relationship or referral. A quote is a breakdown of product prices, whereas a purchase order is an official confirmation.