Procurement6 May 20262 min read

Reading a hardware quote: what to check before you pay

A quote is a contract in waiting. Six things decide whether it is a good one, and the unit price is only the first.

ASICMiner Distribution
On this page6 sections
  1. 1. Unit price against landed cost
  2. 2. Batch and lead time
  3. 3. Condition and warranty, in words
  4. 4. Payment terms
  5. 5. What happens on discrepancy
  6. 6. Destination feasibility

Hardware quotes look alike and are not. The differences hide in the terms rather than the numbers, and by the time they matter the money has usually moved. Here is what to read carefully before it does.

1. Unit price against landed cost

The number that matters is what the machine costs standing in your facility, not what it costs at the seller's door. Freight, insurance, duty and inland delivery can move the effective price substantially. Ask for the landed figure, or for the Incoterm that lets you calculate it.

2. Batch and lead time

Stock and allocation are different promises. A quote should say which one it is, and an allocation quote should state the batch and the expected window rather than a single optimistic date.

3. Condition and warranty, in words

New should mean sealed with manufacturer warranty. Used or refurbished should state what was tested, what was replaced and what warranty the seller carries in its place. Vague condition language is the single most reliable warning sign in this trade.

4. Payment terms

How much is due when, in what currency, and by what method. For larger orders, ask whether escrow or an independent inspection is available. A seller comfortable with their own goods will usually discuss it.

5. What happens on discrepancy

Count short, unit dead on arrival, wrong variant delivered. Each of these happens occasionally across enough shipments, and the quote should say how it is handled and within what window you must report it.

6. Destination feasibility

Export control and sanctions rules make some destinations impossible and others merely slow. This should be confirmed before you pay, not discovered afterwards. A seller who quotes anywhere without asking where the hardware is going has not checked.

The short version. Ask for the landed price, the batch, the condition in plain words, the payment terms, the discrepancy window and confirmation that your destination is workable. Six questions. A good quote answers all of them before you ask. If the supplier is new to you, run the checks in buying without getting burned before you pay anything. If you are still deciding who to buy from at all, start with where to buy ASIC miners. If you also want to know what the number should look like, start with what a miner actually costs.
Next articlePayback on a mining rig: how to work it out without fooling yourselfProcurement · 3 min read
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