US Patent No: 6,871,181
Number of patents in Portfolio can not be more than 2000
System and method of assessing and rating vendor risk and pricing of technology delivery insurance
Stats
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Mar 22, 2005
Issued date -
Jun 5, 2003
filing date -
10/454,707
serial no -
Expired
status
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Abstract
A method and system for providing a standardization and commoditizing the process of technology contracts and creating method for assessing, scoring, ranking and rating technology vendors for the purpose of comparing vendor bids on a project and for structuring and pricing insurance/surety contracts. Intrinsic and two-way vendor ratings are established for each of the vendors in a particular project. This two-way rating is used to provide a risk adjustment to the nominal bid of each of the vendors. The two-way rating is also utilized to structure and calculate an insurance premium based upon the probability that the vendor would fail/default on the delivery of a technology project.
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First Claim
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International Classification(s)
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Cited Art
| Patent Info | (Count) | # Cites | Year |
|---|---|---|---|
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| 5,890,138 Computer auction system | 565 | 1996 | |
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| 5,734,890 System and method for analyzing procurement decisions and customer satisfaction | 105 | 1995 | |
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| 5,748,973 Advanced integrated requirements engineering system for CE-based requirements assessment | 34 | 1994 | |
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| 6,092,050 Graphical computer system and method for financial estimating and project management | 64 | 1998 | |
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| 6,219,654 Method, system and program product for performing cost analysis of an information technology implementation | 73 | 1999 | |
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| 5,704,045 System and method of risk transfer and risk diversification including means to assure with assurance of timely payment and segregation of the interests of capital | 186 | 1995 | |
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| 5,930,760 Process and apparatus for the derivation of annuity rates | 23 | 1997 | |
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| 6,195,646 System and method for facilitating the valuation and purchase of information | 57 | 1997 | |
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| 6,088,678 Process simulation technique using benefit-trade matrices to estimate schedule, cost, and risk | 34 | 1996 | |
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| 6,018,714 Method of protecting against a change in value of intellectual property, and product providing such protection | 131 | 1997 | |
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| 5,970,479 Methods and apparatus relating to the formulation and trading of risk management contracts | 274 | 1993 | |
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| 5,765,138 Apparatus and method for providing interactive evaluation of potential vendors | 181 | 1995 | |
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| 5,918,219 System and method for estimating construction project costs and schedules based on historical data | 115 | 1994 | |
| 6,647,374 System and method of assessing and rating vendor risk and pricing of technology delivery insurance | 83 | 2001 | |
Patent Citation Ranking
Maintenance Fees
| Fee | Large entity fee | small entity fee | micro entity fee | due date |
|---|---|---|---|---|
| 11.5 Year Payment | $7400.00 | $3700.00 | $1850.00 | Sep 22, 2016 |
| Fee | Large entity fee | small entity fee | micro entity fee |
|---|---|---|---|
| Surcharge - 11.5 year - Late payment within 6 months | $160.00 | $80.00 | $40.00 |
| Surcharge after expiration - Late payment is unavoidable | $700.00 | $350.00 | $175.00 |
| Surcharge after expiration - Late payment is unintentional | $1,640.00 | $820.00 | $410.00 |