> For the complete documentation index, see [llms.txt](https://docs.fairmarkit.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.fairmarkit.com/release-notes/release-notes/archive/2025.md). # 2025 #### Buyers **Incoterms** To support consistent logistics terms and streamline sourcing workflows, buyers can now define default Incoterms for each supplier. These defaults are automatically displayed when suppliers respond to events and can be applied at either the event or line-item level, depending on your configuration. Suppliers can override the default Incoterm per event, offering flexibility while preserving visibility. Buyers will see any overrides clearly flagged in the quote comparison view, improving transparency and reducing the need for manual follow-up. This feature is controlled by a configuration setting. To adjust your settings, contact your Fairmarkit Customer Success Manager. **Calculated auction times** When setting up a Dutch or Japanese auction, end times are now automatically calculated based on your pricing, increment, and interval settings. This eliminates the need for manual entry and makes it easier to review your auction timing
**More precise event times** When scheduling your request for quote or auction events, you can now enter specific times (e.g., 3:20) in addition to selecting the predefined 30-minute time options for start, end, and close times. This gives you more flexibility for precise scheduling. **New service line UOMs** Added the following new unit of measures for service line items. | | | | ------------------------------------------------------------------------------- | -------------------------------------------------------------------------------- | See: [Available UOMs](https://app.gitbook.com/o/bXdCkjB4aWc3Xf4bpixx/s/XSi8dxrnMaQPYuaoiJWp/glossary/uom-overview/uoms) #### Suppliers **Incoterms** When you're responding to an event, the buyer may have Incoterms already defined to help guide logistics expectations. You can keep the default value or select a different one from the list, depending on what works best for your response. ### April 17, 2025 #### Buyers **Reassign supplier contact by name or email** When reassigning a supplier contact on an event, you can now see the supplier's name and email address when selecting. Previously, you could only see their name.
**Added delivery day to group & service lines** Added Delivery Days as an optional field for group, service, and group service line items. You will see this on the Details page when reviewing supplier responses.
**New UOM - Metric Ton (services)** Added Metric Ton as an available unit of measure for service line items. See: [Available UOMs](https://app.gitbook.com/o/bXdCkjB4aWc3Xf4bpixx/s/XSi8dxrnMaQPYuaoiJWp/glossary/uom-overview/uoms) **New supported languages: Polish and Russian** Fairmarkit now supports Polish and Russian language and localization (number and currency format). See: [Languages and localization](/getting-started/getting-started-with-fairmarkit/languages-and-localization.md) **Increased length of webhook URL** When configuring a webhook ([Fairmarkit API settings](/buyers/administration/fairmarkit-api-settings.md)), the URL for Webhook can now be up to 200 characters. **SSO via email links** When users access Fairmarkit events via email, if SSO login is enabled, they'll now be directed through SSO authorization (not to the login page) and then redirected to the link destination in the email. #### Suppliers **New supported langauges: Polish and Russian** Fairmarkit now supports Polish and Russian language and localization (number and currency format). See: [Languages and localization](/getting-started/getting-started-with-fairmarkit/languages-and-localization.md) ### April 3, 2025 #### Buyers ### March 20, 2025 #### Buyers **Admins can now set OOO** As an Admin, you can now manage Out of Office (OOO) for users at your company. When a user is unavailable, you can assign another team member to oversee their events. Users can still set their own OOO, but this ensures coverage for those who can’t or may have forgotten.

See: Out of office

**New supported language: Estonian** Fairmarkit now supports Estonian language and localization (number and currency format). See: Languages and localization **2-envelope sealed bids** You can now choose between one- and two-envelope sealed bids for your RFQ events. With two-envelope bidding, assigned evaluators review supplier responses without seeing pricing. Only the responses they select will move forward for buyers to review pricing and award the event. To enable 2-envelope sealed bids, contact your Fairmarkit Customer Success Manager.

See: Sealed bids

**Intake: Price books** When you request items, Intake now suggests matches from your company’s price books catalogs based on item description, manufacturer, or category. It uses semantic search, meaning it understands the meaning of your request, not just exact words, to find the right items. If all items are matched, the request can be automatically submitted for purchase, helping you move faster while staying aligned with company policies.

See: Price books overview (Intake requests) and Select price books items (requesters)

**New Configurations** To adjust your configuration settings, contact your Fairmarkit Customer Success Manager. * **Archive in Status Filter**: You can now filter by Archived status using the Status filter on the Events list. To improve performance, Archived is not selected by default. If you prefer to include Archived automatically, you can enable an optional configuration. The separate Archived filter was removed as part of this update. * **Dutch auction multiple winners**: Select if multiple suppliers can win a Dutch auction. With this option enabled, you can select a winner from any supplier that accepts the final price. See: [Configurations ](/glossary/glossary/configurations.md)
#### Suppliers **Improved RFQ List** On your Supplier Portal, you now have an updated RFQ list that gives you better control over managing and reviewing your responses to request for quote (RFQ) events.
Updates include: * **Dedicated lists** for RFQ and Auction events. * **Customizable columns** to display the information you need. * **Enhanced filtering** by Customer, Status, and Urgency, plus an option to view only your events (ideal for Admins). * **Sorting options** by Title, Close Date, Urgency, and Shipping Location. * **Quick search** by event Title or ID. See: [Manage your eventEvents (RFQ)](/suppliers/suppliers/events/manage-your-events-rfq.md) **New supported language: Estonian** Fairmarkit now supports Estonian language and localization (number and currency format). See: [Languages and localization](/getting-started/getting-started-with-fairmarkit/languages-and-localization.md) ### March 6, 2025 #### Buyers **New supported langauges: Arabic and Bahasa Indonesia** Fairmarkit now supports Arabic and Bahasa Indonesia language and localization (number and currency format). See: [Languages and localization](/getting-started/getting-started-with-fairmarkit/languages-and-localization.md) #### Suppliers **New supported langauges: Arabic and Bahasa Indonesia** Fairmarkit now supports Arabic and Bahasa Indonesia language and localization (number and currency format). See: [Languages and localization](/getting-started/getting-started-with-fairmarkit/languages-and-localization.md) ### February 20, 2025 #### Buyers **AI Bid Analysis Agent** The AI Bid Analysis Agent helps you make faster, data-driven decisions by analyzing supplier responses to your events. After generating an analysis, you can chat with the AI agent to ask questions and get more information. **Availability**: The AI Bid Analysis Agent is available for closed and awarded events that were created via intake requests in Fairmarkit or the Request API. For information about using the Request API, contact your Fairmarkit Customer Success Manager.
**Review AI analysis** Once your event closes, go to the AI Analysis tab on the original intake request to review an analysis of supplier responses. The analysis includes a structured analysis of key details like pricing, delivery timelines, vendor capabilities, and risk assessments. **Ask questions** After reviewing the analysis, click Ask KIT to ask questions, request clarifications, and explore insights directly with the AI agent. See: [AI Bid Analysis Agent](/buyers/requests-intake-buyers/ai-bid-analysis-agent.md) **Filter list of available supplier meta tags** When awarding an RFQ event, the list of awarded supplier meta tags can now be filtered, simplifying the selection process. Filters can be configured to handle scenarios where multiple event meta tags are defined for the same key. This update applies only to users utilizing supplier meta tags. **Search by supplier company name or email** When searching a list for a supplier, you can search by the supplier's company name or email. **Change to partially awarded event emails** Previously, suppliers received a "not won" email when an event was partially awarded. Now, suppliers will only receive this email if the event is fully awarded to another supplier, reducing confusion and conflicting notifications. #### Suppliers **Change to partially awarded event emails** Previously, you would receive a "not won" email when an event was partially awarded. Now, you'll only receive this email if the event is fully awarded to another supplier. ### February 6, 2025 #### Buyers **New auction types: English, Japanese & Dutch** When creating an auction event, you can now choose from three auction types, giving you more flexibility to align your sourcing strategy with your needs:
**English (classic) auctions** We've renamed the original reverse auction experience to English (classic auctions). With English auction, Suppliers compete by submitting lower prices.
See: [English (classic) auction](/suppliers/suppliers/auctions/english-classic-auction.md) **Dutch auctions** With a Dutch auction, your auction price starts low and gradually increases. The first supplier to accept the price wins.
See: [Dutch auction](/suppliers/suppliers/auctions/dutch-auction.md) **Japanese auctions** With a Japanese auction, your auction starts at the highest price you'll pay and decreases gradually over time. At each decrease, suppliers can choose to stay or leave. The last supplier remaining wins.
See:[ Japanese auction](/suppliers/suppliers/auctions/japanese-auction.md) **English auctions - new settings** You now have access to additional settings for English (classic) auctions. These settings give you greater flexibility and control over your auctions. You can access the new settings from the Auction settings area when you create your event.
**Auction extension rules** You can now configure how extensions work when suppliers bid at the end of an auction. You can adjust the following auction settings: * **Trigger extension**: Set when to extend an auction (e.g., receive a bid in the last 2 minutes). * **Extension duration**: Set how much time is added (e.g., 30 minutes). * **Maximum extensions allowed**: Limit how many extensions are allowed.
**Auction bid buffers** You can now set a **Minimum bid increment** as a percentage or fixed amount (e.g., 5% or $10) for your auctions. This ensures bids are meaningful reductions from the current lead bid, promoting fair competition and building trust in the auction process. See: [English auction - available fields](/buyers/auctions/english-classic-auction/create-an-english-auction/english-auction-available-fields.md) **Events list improvements** The following improvements help you to quickly sort, filter, and find events on your Events list.
* **Sort by Title**: Added the ability to sort the Events list by the Title column. * **Manufacturer filter**: Added the ability to filter the events list by Manufacturer. See: [Manage your Events list](/buyers/events/manage-your-events-list.md) **Improved notification search and filtering** We've enhanced notification search and filtering to help you find important information faster.
* **Unread filter**: Filter notifications to show only unread items. * **Search event data**: In addition to message text, you can now search notifications by event data. #### Suppliers **New auction types - Dutch, English, and Japanese** Buyers can now create three types of auction events, each with a different way for you to participate. For each auction type, the event screen provides instructions on how to proceed. **Dutch auction** The auction price starts low and increases over time. You win if you're the first participant to accept the current price.

See: Dutch auction

**English (classic) auction** Compete by submitting lower prices throughout the event. If your bid is the lowest at the end, you win. This is the original reverse auction experience.

See: English (classic) auction

**Japanese auction** The auction starts at a high price and decreases over time. At each price drop, you'll decide whether to stay or leave. If you're the last participant remaining, you win.

See: Japanese auction

**Minimum English auction bid** Buyers can now set a Minimum bid increment, requiring new bids to meet a specified percentage or fixed amount below the current lead bid (e.g., 5% or $10). If your bid doesn’t meet this value, you’ll see an error message and need to update it before submitting it. See: [Compare and adjust bid](/suppliers/suppliers/auctions/english-classic-auction/compare-and-adjust-bid.md) **English auction extensions** Previously, if you bid on an auction in the final 10 minutes, the auction would extend for 10 minutes, continuing until no further bids were received. Buyers can now configure extensions, controlling when extensions are triggered, how much time is added, and the maximum number of extensions. You’ll receive real-time notifications for extensions so you can respond quickly and stay competitive. ### January 23, 2025 #### Buyers **Automatically convert Benchmark when Currency is updated** If you update the currency while working on a request for quote or auction event, any existing Benchmark values will now be automatically converted to the new event currency. You can review and edit the updated value as needed. This option saves time and ensures benchmark values are updated automatically when you change the event currency. This option is available via a [configuration setting](/glossary/glossary/configurations.md). To adjust your settings, contact your Fairmarkit Customer Success Manager.

See: Benchmark

**Fairmarkit API webhook additions** Added new request for proposal (RFP) webhook notifications for the following: * [Opened RFPs](https://developers.fairmarkit.com/docs/rfp_created): With the RFP\_OPENED webhooks, you can receive a notification when a request for proposal (RFP) event is opened. * [Closed RFPs](https://developers.fairmarkit.com/docs/rfp_closed): With the RFP\_CLOSED webhooks, you can receive a notification when a request for proposal (RFP) event is opened. See: [Fairmarkit API overview](/buyers/integrations/fairmarkit-api-overview.md) and [Developer portal](https://developers.fairmarkit.com/docs/webhooks) #### Suppliers **All requests/Customer filter combination** When reviewing one of your events list (RFQ, RFP, RFI), you can now select the All requests option and then filter the list to a specific Customer. This change allows you to have more control over your lists.

See: Manage your events (RFQ)

### January 9, 2025 #### Buyers **Benchmark price from historical data** When you create a request for quote event, the Benchmark price can now be automatically generated based on your historical data. We'll suggest a benchmark price by matching line items using key identifiers (MFG part #, Internal part #, and Description) to previously awarded events and uploaded purchase order line items. This option is available via a configuration setting. To adjust your configuration settings, contact your Fairmarkit Customer Success Manager.

See: Suggest Benchmark from historical data

**Remove/restore suppliers option** Added a 'Remove all' button to the Suppliers invitation area. With this you can quickly remove all selected supplier invitations from an event. If If you remove a supplier invitation by mistake, you can restore one or all (new 'Restore all' button) invitations in the *Removed Supplier* area.

See: Manage supplier invitations

**Archived events filter** Added an *Archived events* filter to the Events list. This is available from the list of available filters. With this change, the *Archived* option will no longer be available in the Status filter.

See: Manage your Events list

**Fairmarkit API - Requests** You can now create requests and pull data about a specific request through the Fairmarkit API. See: [Fairmarkit API overview](/buyers/integrations/fairmarkit-api-overview.md) and [developers.fairmarkit.com](https://developers.fairmarkit.com/reference/getting-started-with-your-api) --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation by asking a question. Perform an HTTP GET request on the following URL with the `ask` and `goal` query parameters: ``` GET https://docs.fairmarkit.com/release-notes/release-notes/archive/2025.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is what the user is ultimately trying to achieve, the reason they need the answer. Sharing it helps GitBook give you a better, more relevant answer. A goal is most helpful when it describes the outcome the user wants rather than restating the question. For example, with `ask=how do I create an API token`, a goal like `automate deployments from our CI pipeline` lets GitBook tailor the answer to that use case. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.