Secure teleprocessing bidding system
US5243515A · kind A · utility
643Cited by
3References
15Claims
0Family size
Inventor
Key dates
| Filing date | Oct 30, 1990 |
| Grant date | Sep 7, 1993 |
| Priority date | — |
| Expiry date | Oct 30, 2010 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/04
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
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.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.