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 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.
|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.
|A vendor is a business that provides hire equipment, trades or products to your company.
|Wet Hire is a type of item hire with an operator.