Am I right in thinking the following?
I am quoting for a commercial client (let's call them "Client FMT") against another company (let's call them LW) for some fencing.
Client FMT and LW are both VAT registered, we are not (yet).
So, my thinking is that my price has to be no-more than LW's price BEFORE VAT. Otherwise we are technically more expensive as Client FMT will claim the VAT back if LW do the job, but cannot claim it if we do the job.