What is quotation specifications in SAP MM-SRV - External Services?

SAP Term: quotation specifications

• Component: MM-SRV

• Component Name: External Services

• Description: A set of bid invitation specifications supplemented by the bidder's quoted terms and conditions and possibly other data provided by the bidder.

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• Key Concepts: 
  Quotation Specifications are documents used in the Materials Management (MM) module of SAP to define the terms and conditions of a service contract. They are used to define the scope of services, pricing, and other contractual details. Quotation Specifications are created in the MM-SRV External Services component. 
  
  How to use it: 
  To create a Quotation Specification, go to the MM-SRV External Services component in SAP. Select “Create Quotation Specification” from the menu. Enter the details of the service contract, such as the scope of services, pricing, and other contractual details. Once all the information is entered, save the document. 
  
  Tips & Tricks: 
  When creating a Quotation Specification, make sure to double-check all the information entered for accuracy. It is also important to ensure that all relevant parties have reviewed and approved the document before it is saved. 
  
  Related Information: 
  For more information on Quotation Specifications in SAP, please refer to the SAP Help Portal or contact your local SAP support team.