KnowRFP glossary
Plain definitions of the terms you'll meet in KnowRFP, from project and proposal to brackets and deliverable.
Project
One opportunity, holding its files, proposals and history.
Proposal
One priced run inside a project; a project can have many rounds.
Strategic project
A bid with files and many lanes.
Spot quote
A quick price on one or a few lanes, usually needed within hours.
Standardized template
The single lane format every file is turned into before rating.
Setup
The step where the agent reads every file and builds the standardized template.
TMS API
The connection to your TMS used to rate against your contracts.
Rate sheet
A carrier's rate file, uploaded or received through an invitation.
Market benchmark
A market rate reference, where integrated.
Margin strategy
Your saved rules for adding margin.
Reason code
Why you chose a different carrier on a lane.
Brackets
Rate tables by pallet count or weight band.
Deliverable
The internal priced sheet and the external proposal link.
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