An alphabetical list of terms used in Vertibid. The Product column says where you will meet each one: Tender, Quotes, or Shared for terms that belong to both.
|
Term |
Product |
Definition |
|---|---|---|
|
Accent color |
Quotes |
The color that fills the header rule and the total band on a printed quotation. Set on a document template. |
|
Avg BOQ match |
Tender |
The average match rate across matched tenders, reported on the Tenders page. |
|
Bill-to address |
Shared |
The customer address a quotation is billed to. A separate ship-to address is optional. |
|
BOQ workbook |
Tender |
The bill of quantities file you upload to start a tender. Required. |
|
Document intake |
Shared |
Bringing documents in automatically by email or SFTP instead of uploading them by hand. |
|
Document template |
Quotes |
Controls the branding, language and number format of a printed quotation. |
|
Email drop |
Shared |
A Vertibid email address you forward documents to. Attachments from senders you allow become tenders, frameworks or quotes. |
|
Framework |
Tender |
An approved supplier agreement with its pricing schedule. Either one you have won or one you are bidding on. |
|
Live (price list) |
Quotes |
A price list whose costs are used when quotes are priced. A list that is not live is ignored. |
|
Locked (quote) |
Quotes |
A sent quote whose content can no longer change. To make changes, create a new version. |
|
Margin |
Quotes |
One of the two pricing methods a quote template can stamp: the sell price is set so the margin is a chosen percentage of it. |
|
Markup |
Quotes |
One of the two pricing methods a quote template can stamp: the sell price is the cost plus a chosen percentage. |
|
Match policy |
Tender |
Definition to follow. |
|
Match rate |
Tender |
Definition to follow. |
|
Material match |
Quotes |
The step where each line of a customer's document is matched to a product in your catalog and you approve the result. |
|
Pipeline value |
Tender |
The combined value of tenders reported on the Tenders page. |
|
Profitability layer |
Quotes |
Adds cost columns, GP and GP% to the quote grid. Turned on in a quote template. |
|
Quotation PDF |
Quotes |
The printed quote you download or send to a customer. |
|
Quote template |
Quotes |
Sets the pricing method, which columns appear, which tabs a quote gets and which documents it produces. The pricing method is fixed for the life of a quote. |
|
Send bundle |
Quotes |
The set of documents a quote can send: the quotation PDF, plus the compliance statement, technical submittal and binder where turned on. |
|
Set own brand |
Shared |
Definition to follow. |
|
SFTP folder |
Shared |
A partner SFTP server Vertibid pulls new files from. |
|
Sheet review |
Tender |
Definition to follow. |
|
Ship-to address |
Shared |
A delivery address that differs from the bill-to address. |
|
Tender |
Tender |
A customer's request you respond to, built from a bill of quantities. |
|
Version (quote) |
Quotes |
A later edition of a quote sharing its reference — v1, v2 … — each a separate document. |
|
Waterfall costing |
Quotes |
Builds a line's cost through the FX → Ex-works → Freight → C&F → Landed chain before the sell price is applied. Turned on in a quote template; brings the profitability layer with it. |