Secure teleprocessing bidding system

Details Secure teleprocessing bidding system Secure teleprocessing bidding system

1990-10-30

1993-09-07

Envall, Jr., Roy N.

Boots, shoes, and leggings

364408, 364406, 379 88, 379 92, G06F 1522, G06F 1520

Patent

active

052435156

ABSTRACT:
An improved system and apparatus for conducting secret bidding procedures. The apparatus provides for the reception of bidding data for a particular bid recipient in a particular division of a particular job. Once received, this information is stored and processed electronically. The bid information is collected until a preset date when the system automatically transmits a bid report detailing the bidders and their associated bids to each bid recipient. At a second preset date the system transmits a bid comparison report revealing only the amount of each bid to each of the bidders who submitted a bid for the particular division.

REFERENCES:
patent: 4866756 (1989-09-01), Crane et al.
patent: 4926325 (1990-05-01), Benton et al.
patent: 5117358 (1992-05-01), Winkler
Business Week, Jan. 19, 1989 p. 90c, "At this auction you can bid by computer", (Abstract only).

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