# 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>](/glossary/glossary/event-status-buyers.md)
{% endhint %}

<figure><img src="/files/QzoFCE44uaYvXrd2M8In" alt=""><figcaption></figcaption></figure>

* [Create a request for quote](/buyers/request-for-quote-rfq/create-a-request-for-quote.md): 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](/buyers/request-for-quote-rfq/review-and-award-a-request-for-quote-event.md): Once the event is closed, you can review and award your preferred quote.


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