Secure teleprocessing bidding system
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United States of America Patent
Stats
-
Sep 7, 1993
Grant Date -
N/A
app pub date -
Oct 30, 1990
filing date -
Oct 30, 1990
priority date (Note) -
Expired
status (Latency Note)
Importance
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.
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Cited Art Landscape
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