# Dutch auction

In a Dutch auction, the price starts low and increases automatically at set intervals. The first participant to accept wins the auction. Stay focused and act quickly to secure the event.

You can find Dutch auction events on the RFQ events list. [Open](/suppliers/suppliers/getting-started/how-do-i-access-an-event.md) the event to review the details and line items provided by the buyer.

Contact buyer: If you have questions for the buyer, see [Communicate with buyers.](/suppliers/suppliers/events/communicate-with-buyers.md)

### How to respond to a Dutch auction <a href="#howtorespondtoadutchauction" id="howtorespondtoadutchauction"></a>

<figure><img src="/files/CDYRtTG1OTWIzyiaOcTa" alt=""><figcaption></figcaption></figure>

#### Step 1: Register for auction

Before the auction starts, enter some basic details (*Supplier quote number*, *Valid for*, and *Delivery days* for each line item) and click **Join auction.**

Once registered, you’ll get an email when the auction begins. You'll enter your pricing later in the process.

<figure><img src="/files/CO3g6ubzKz4Xtr4AAFxI" alt=""><figcaption></figcaption></figure>

#### Step 2: Review and accept price

When the auction starts, open the event to review the current auction price and a summary of the next price increase.

When the price meets your target, click **Accept & end auction.** The first supplier to accept wins the auction.

<figure><img src="/files/TPMuTh58xBzEyM4Wh08P" alt=""><figcaption></figcaption></figure>

#### Step 3: Finalize your bid

After accepting the auction price, distribute the price across the line items and complete your bid.

The buyer will review your response and make the final award decision. You can track the [event status](/suppliers/suppliers/events/event-types/event-status-suppliers.md) from your [events list](/suppliers/suppliers/events/manage-your-events-rfq.md) (auctions are available on the RFQ list).

<figure><img src="/files/8vMzmHG9iTKkub0qYCVR" alt=""><figcaption></figcaption></figure>

### Get started <a href="#getstarted" id="getstarted"></a>

* [Register for a Dutch auction](/suppliers/suppliers/auctions/dutch-auction/register-for-a-dutch-auction.md)
* [Review and accept price on a Dutch auction](/suppliers/suppliers/auctions/dutch-auction/review-and-accept-price-on-a-dutch-auction.md)
* [Finalize your bid on a Dutch auction](/suppliers/suppliers/auctions/dutch-auction/finalize-your-bid-on-a-dutch-auction.md)
* [Review awarded Dutch auction events](/suppliers/suppliers/auctions/dutch-auction/review-awarded-dutch-auction-events.md)

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