# Create a Dutch auction

Add Collaborators: For information on how to add a collaborator, see [Manage collaborators](https://docs.fairmarkit.com/buyers/events/collaboration-tools/manage-collaborators). You can select if they are able to view or edit the event.

### 1. Create a Dutch auction <a href="#id-1createadutchauction" id="id-1createadutchauction"></a>

For additional ways to create, clone, or import an event, see [Create an event](https://docs.fairmarkit.com/buyers/events/create-an-event).

{% stepper %}
{% step %}
From the **menu**, click *Create*. A window displays asking What would you like to create?

<figure><img src="https://1711751134-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F95QWDcOsKn95Me8sE2RP%2Fuploads%2FaWP3IVKUKgyRO4O7oiOh%2Fimage.png?alt=media&#x26;token=990d3c4e-0998-4344-9eb3-61441974f4a7" alt=""><figcaption></figcaption></figure>
{% endstep %}

{% step %}
Click **Auction**. A window displays asking you to select an auction type.

<figure><img src="https://1711751134-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F95QWDcOsKn95Me8sE2RP%2Fuploads%2Fk79dYDmJtnVlMi8rutZJ%2Fimage.png?alt=media&#x26;token=101c6428-03fa-4db1-9d9b-3f9880810c99" alt=""><figcaption></figcaption></figure>
{% endstep %}

{% step %}
Select **Dutch**.
{% endstep %}

{% step %}
Enter an **Event Title**.
{% endstep %}

{% step %}
Click **Create**. A new Dutch auction event is created.
{% endstep %}
{% endstepper %}

### 2. Add event information <a href="#id-2addeventinformation" id="id-2addeventinformation"></a>

Next, you will need to add header information to your event. The header contains general information about your event, including your auction details, shipping address, and event timeline.

{% hint style="info" %} <mark style="color:purple;">**Field descriptions**</mark><mark style="color:purple;">:</mark> [<mark style="color:purple;">Dutch auction - available fields</mark>](https://docs.fairmarkit.com/buyers/auctions/dutch-auction/create-a-dutch-auction/dutch-auction-available-fields)
{% endhint %}

### 3. Add line items <a href="#id-3addlineitems" id="id-3addlineitems"></a>

Next, you’ll need to add line items, which outline the items or services you are looking to purchase. You can add up to 150 line items to an event, but you’ll want to ensure that all items and services are related.

<figure><img src="https://docs.fairmarkit.com/content/buyers/auctions/images/request-items_thumb_0_0.png" alt=""><figcaption></figcaption></figure>

{% hint style="info" %} <mark style="color:purple;">**Line items**</mark><mark style="color:purple;">:</mark> [<mark style="color:purple;">Add line items</mark>](https://docs.fairmarkit.com/content/buyers/events/add-line-items.htm)
{% endhint %}

### 4. Add categories <a href="#id-4addcategories" id="id-4addcategories"></a>

In the **Customer categories** areas, add categories to help further define your event. Categories are not required, but they are used to improve you supplier recommendations and standardize reports.

<figure><img src="https://docs.fairmarkit.com/content/buyers/auctions/images/customer-categories_thumb_0_0.png" alt=""><figcaption></figcaption></figure>

### 5. Set auction settings <a href="#id-5setauctionsettings" id="id-5setauctionsettings"></a>

In the Auction settings area, you can set the starting price, increase intervals, and the maximum auction price. You can also select the **auction mode** — **Single Winner**, **Multiple Winners**, or **Run-to-End** — from a dropdown menu. This setting determines how the auction behaves when suppliers accept a price, giving you control over speed, competition, and award flexibility.

<figure><img src="https://docs.fairmarkit.com/content/buyers/auctions/images/auction-settings-da_thumb_0_0.png" alt=""><figcaption></figcaption></figure>

{% hint style="info" %} <mark style="color:purple;">**Field descriptions**</mark><mark style="color:purple;">:</mark> [<mark style="color:purple;">Dutch auction - available fields</mark>](https://docs.fairmarkit.com/buyers/auctions/dutch-auction/create-a-dutch-auction/dutch-auction-available-fields)
{% endhint %}

### 6. Add supplier invitations <a href="#id-6addsupplierinvitations" id="id-6addsupplierinvitations"></a>

In the **Suppliers invitation** area, you can invite trusted suppliers from the Fairmarkit database to your event. Based on the information you entered, Fairmarkit will recommend a list of suppliers to invite. You can adjust the list by manually selecting or removing suppliers from the list.

<figure><img src="https://docs.fairmarkit.com/content/buyers/images/supplier-invitation_thumb_0_0.png" alt=""><figcaption></figcaption></figure>

{% hint style="info" %} <mark style="color:purple;">**Supplier invitations**</mark><mark style="color:purple;">:</mark> [<mark style="color:purple;">Manage supplier invitations</mark>](https://docs.fairmarkit.com/content/buyers/events/supplier-invitations.htm)
{% endhint %}

### 7. Save and send <a href="#id-7saveandsend" id="id-7saveandsend"></a>

Once you've entered all required information, you can send your event to the selected suppliers. If any required information is missing, a message displays under the Save and Send button.

Note: If you are not ready to submit, click Save Draft to save the event in Draft status, allowing you to save your progress but finish the submission later.

{% stepper %}
{% step %}
Click **Save and Send**.\
A confirmation message displays.
{% endstep %}

{% step %}
Click **Save and Send**.\
Suppliers will receive a notification for the auction, and they can access it on the Fairmarkit portal.
{% endstep %}
{% endstepper %}
