Felix glossary
If you are getting started with Felix, below is a list of Felix default terminology and descriptions that will help you navigate your way through the platform.
Term | Alternatives | Description |
---|---|---|
Category | Categories are used to classify the services your vendors provide to your business. Categories can have sub-categories and represent trades, products, or hire equipment items. | |
Dry Hire | Dry Hire is a type of item hire without an operator. | |
Evaluation | ||
Panel | A panel is a basic organisational unit within Felix which helps you manage your vendors, their on-boarding experience, and ongoing compliance. It is easy to think of a panel as a folder for your vendors. | |
Pricing Schedule | Bill of Quantities (BoQ) Schedule of Rates (SoR) Bill of Materials (BoM) | A Pricing Schedule is a detailed listing of line items to be priced for a requested category. |
Request for Quotation (RFQ) | Invitation to Tender (ITT) Invitation to Bid (ITB) Request for Tender (RFT) | Requests for Quotation (RFQs) are formal sourcing activities in Felix. These are requests sent to obtain pricing quotes from vendors against specific categories. |
Vendor | Subcontractor Supplier | A vendor is a business that provides hire equipment, trades or products to your company. |
Wet Hire | Wet Hire is a type of item hire with an operator. |