Auction based procurement system

Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Electronic shopping

Reexamination Certificate

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Reexamination Certificate

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08046269

ABSTRACT:
A method and system for performing an auction by determining a request for an item based on at least one of (i) an item to purchase, (ii) a performance specification of the item to purchase, and (iii) a term of a request for the item to purchase. The method and system include sending, through a network, the request for the item to an auctioneer machine server. Performance information is collected for each seller. Notice is provided that a performance evaluation has been received for a specific seller, and is on record with the provider of the information. Additional transaction costs may be captured and included as a separate line item in an auto-rebid auction environment.

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patent: 040 026 (1991-09-01), None
Computerworld, Framingham: Jun. 27, 1994, Washington Telecom News, v2, n26, PN/A (Dialog File 16, Accession No. 03435210).

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