Felix glossary

Last updated November 16, 2021
Written by Alex Moloney

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.

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.

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 ScheduleBill 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.
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.

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