GLOSSARY
Plain-English definitions of every acronym and term you'll meet in bid, proposal and tender response.
Key Terms
The terms most often used loosely. Here's what they actually mean.
Bid Management
Bid management is the discipline of identifying, qualifying, preparing and submitting competitive bids in response to buyer-issued opportunities. It covers opportunity tracking, go/no-go decisions, response production, internal approvals and submission, typically under fixed buyer deadlines.
DDQ Software
DDQ software is a category of applications used to respond to Due Diligence Questionnaires sent by investors, customers, regulators or counterparties. It manages an answer library, routes questions to internal experts, and produces a complete response in the requester's format.
Questionnaires
In a vendor-response context, questionnaires are structured documents that buyers, investors, regulators or partners send to suppliers to gather standardised information. Common formats include RFPs, DDQs, security and compliance questionnaires, each covering different evaluation topics.
RFP Response Software
RFP response software is a category of applications used by suppliers to respond to Requests for Proposal. It centralises an answer library, routes questions to subject-matter experts, supports collaborative drafting, and produces a complete response in the format the buyer requires.
RFX Software
RFX software is a category of applications used to respond to Requests for Information, Proposal, Quotation and similar competitive sourcing documents. RFX is a collective shorthand covering RFI, RFP, RFQ and related formats.
Tender Management
Tender management is the set of activities and decisions involved in identifying, qualifying, preparing and submitting responses to tender opportunities.
A-Z
Browse every term alphabetically or jump to the letter you need.
Now you know the language, see how Sequesto automates the process. Book a demo and experience AI-powered bid management first-hand.