Method for conducting a computerized government auction

Details Method for conducting a computerized government auction Method for conducting a computerized government auction

2005-09-20

2005-09-20

Kazimi, Hani (Department: 3624)

Data processing: financial, business practice, management, or co

Automated electrical financial or business practice or...

Finance

C705S035000, C705S039000, C705S026640, C705S027200

Reexamination Certificate

active

06947906

ABSTRACT:
The invention provides a method for conducting a computerized auction of government-held property that is subject to a tiered restriction process. The sale or transfer of a government-held asset can be restricted as to the community a potential buyer must be a member of and specific attributes of the buyer. The buyer is only allowed to bid on those assets for which his organizational community and attributes match those specified by the seller. Government agency sellers set up and define their own asset profile codes comprising community groups, which permits the seller to restrict the sale of a particular asset to as large or small a community as the seller desires and enables the government agency to accommodate any regulations or procedures that might be in place for a particular asset.

REFERENCES:
patent: 5890138 (1999-03-01), Godin et al.
patent: 5924082 (1999-07-01), Silverman et al.
patent: 6058379 (2000-05-01), Odom et al.
patent: 6484158 (2002-11-01), Johnson et al.
patent: WO 00/50970 (2000-08-01), None
Dennis L. Prince “Auction this! Your Complete Guide to the World of Online Auctions” Prima Publishing, 1999, p. 64.

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