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Distributors

How should an electrical distributor follow up on open quotes and track wins and losses?

Short answer

Log every quote with its value, contractor, job and validity date, and set a follow-up date the moment it goes out. Follow up with something useful — an answer, a lead-time update, an alternative — not just “checking in.” Record every outcome as won or lost, and why, then review the reasons regularly so you can fix what’s costing you orders.

Why follow-up matters

Many quotes are sent and never mentioned again. Some are lost on price, but many are lost to silence — a question nobody answered, a lead time nobody updated, a competitor who simply called back first. Consistent follow-up recovers some of those orders, and tracking the results tells you why you lose the rest.

Remember how contractors buy

On project work, your quote usually supports the contractor’s own bid. That means two things have to happen before you get the order:

  1. The contractor wins the job.
  2. The contractor buys from you.

Knowing where each quote sits in that sequence — bid pending, job awarded, ready to buy — tells you when to follow up and what to say.

Step 1: Log every quote

For each quote, record:

  • Contractor and contact
  • Job name and, for project work, the bid date
  • Quote value
  • Date sent and validity date
  • Who owns it on your team

Step 2: Set a follow-up date when the quote goes out

  • Quick stock quotes: a short follow-up window.
  • Project quotes: follow up around the bid date and again when the job is likely to be awarded.
  • Before expiry: a follow-up before the quote’s validity runs out.

Step 3: Follow up with something useful

Give the contractor a reason to talk to you:

  • Answer an open question or confirm a substitution
  • Update lead times or availability
  • Offer an alternative that saves money or time
  • Ask whether they won the job, and when they plan to buy
  • Remind them when the quote expires

Use the channel each contact prefers — a call, an email or a text — and don’t overdo it.

Step 4: Record every outcome

When a quote closes, record:

  • Won — and the order value
  • Lost — and to whom, if you know
  • Why — price, lead time, availability, relationship, or the contractor didn’t win the job
  • No decision — the project was cancelled or put on hold

Keep “the contractor didn’t win the job” separate from “we lost the order.” They mean very different things.

Step 5: Review wins and losses regularly

Each month, look at results by:

  • Loss reason — are you losing mostly on price, lead time or availability?
  • Product line — where are you strong, and where are you weak?
  • Contractor — which accounts buy from your quotes, and which don’t?
  • Salesperson — who needs support?

Step 6: Act on what you find

  • Losing on price in one product line? Review your pricing or special pricing agreements for it.
  • Losing on lead time or availability? Look at stocking and supplier options.
  • Losing on silence? Tighten follow-up.

Common mistakes

  • Sending quotes with no follow-up date
  • Following up with “just checking in” and nothing useful
  • Not knowing the contractor’s bid date
  • Recording outcomes without reasons
  • Treating a lost job and a lost order as the same thing
  • Never reviewing the results

Frequently asked questions

When should we follow up on a quote?

Set the date when the quote goes out: soon for quick stock quotes, around the bid and award dates for project work, and before any quote expires.

How many times should we follow up?

As many times as you have something useful to say, and no more. A follow-up that answers a question or updates a lead time is welcome; repeated “checking in” isn’t.

What should we record when we lose a quote?

Who you lost to, if you know, and why — price, lead time, availability, relationship — or whether the contractor lost the job itself.

What’s the difference between losing a quote and the contractor losing the job?

If the contractor didn’t win the job, nobody got the order — that isn’t a loss to a competitor. Tracking the two separately shows your real win rate.

What’s a good quote win rate?

It varies by product line, customer and type of work. Track your own rate over time and by loss reason, and focus on the trend.