# Request for quote (RFQ)

Requests for quote are at the core of Fairmarkit and are built to help you be more efficient and effective in your sourcing process. On a request for quote, you will enter a list of items or services that you need to purchase and then invite suppliers to send quotes for your sourcing process.

### Basic workflow <a href="#basicworkflow" id="basicworkflow"></a>

This outlines the basic workflow to create, submit, and award a request for quote. However, there are many variations to this workflow.

{% hint style="info" %} <mark style="color:purple;">**Note**</mark><mark style="color:purple;">: An event goes through multiple statuses during the request process.</mark>[ <mark style="color:purple;">For more information, see Event status (Buyers)</mark>](https://app.gitbook.com/s/XSi8dxrnMaQPYuaoiJWp/glossary/event-status-buyers)
{% endhint %}

<figure><img src="https://1711751134-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F95QWDcOsKn95Me8sE2RP%2Fuploads%2F39D1g7Ef52c5gxVTmkrH%2Fimage.png?alt=media&#x26;token=3ae86cb0-e754-4935-84a4-fe51abd3f183" alt=""><figcaption></figcaption></figure>

* [Create a request for quote](https://docs.fairmarkit.com/buyers/request-for-quote-rfq/create-a-request-for-quote): Create an event with information about the items and services you need to purchase and select suppliers to invite.
* **Send for quotes**: Once submitted, suppliers can submit quotes, including their prices and terms, within a specified time frame. If they have questions, they can message you directly.
* [Award a quote](https://docs.fairmarkit.com/buyers/request-for-quote-rfq/review-and-award-a-request-for-quote-event): Once the event is closed, you can review and award your preferred quote.