# Create an Auction
Set up a 3-round sealed-bid reverse auction and invite suppliers.
URL: https://www.procureflow.ai/docs/auctions/buyer-create-auction
Available to Procurement Buyer, Procurement Admin, and Admin.
RFQ List [#rfq-list]
1. Navigate to **Sourcing & Requests** in the top navigation.
2. Select **RFQ** from the sub-menu.
3. Click the **Create New RFQ** button to begin.
Create New RFQ [#create-new-rfq]
1. Fill in the **Subject**.
2. Set the **Bid Closing Date & Time**.
3. Under **Line Items**, click **Add Item** to add each item and enter its title and quantity.
4. When all items are entered, click the **Create RFQ** button at the bottom.
Confirm Details [#confirm-details]
The RFQ is created and AI sourcing begins.
Scroll down to the **Bidding Schedule** card.
Enable Auction Mode [#enable-auction-mode]
Toggle **Run as Auction** to ON.
Auction configuration fields will be expanded.
Configure 3 Rounds [#configure-3-rounds]
1. Select **Sealed Bid Reverse Auction** as the auction type.
2. Set a closing date and time for each round.
3. Click **Add Round** to add more rounds as needed.
Participation Requirement [#participation-requirement]
Optionally adjust the **Participation Requirement** to control how suppliers are eligible to bid and how their bids are ranked. There are three options:
* **No requirement (per-line ranking)**: Each line item is ranked independently. Suppliers may bid on any subset of lines and are still eligible.
* **Must price every line item (RFQ-total ranking)**: Suppliers must submit a price for every line item. Bids are ranked by the total RFQ value.
* **Must price at least 80% of line items (RFQ-total ranking)**: Suppliers must price at least 80% of lines to qualify. Bids are ranked by total RFQ value.
Enter Starting Bid Prices [#enter-starting-bid-prices]
1. Under **Starting Bid Prices**, enter the per-line price ceiling for Round 1.
2. Once all prices are filled in, click **Save Schedule** to confirm the auction configuration.
**Note:**
Suppliers must bid at or below this amount for each line item.
AI Sourcing Complete [#ai-sourcing-complete]
AI sourcing finishes and suggests suppliers.
Click **Continue to Invite Suppliers**.
Select Suppliers [#select-suppliers]
1. Review the AI-suggested suppliers in the **Review Suggested Suppliers** table.
2. Check the box next to each supplier you want to invite.
3. Once you have selected your suppliers, click the **Review Submission** button to proceed.
Review Send Dialog [#review-send-dialog]
1. Click **Review Submission**.
2. Verify the auction type, round schedule, starting prices, and invited suppliers.
RFQ Sent [#rfq-sent]
Click **Confirm Send**.
Invitation emails are dispatched and Round 1 opens immediately.