System and method of assessing and rating vendor risk and pricing of technology delivery insurance

Number of patents in Portfolio can not be more than 2000

United States of America Patent

PATENT NO 6871181
APP PUB NO 20030182213A1
SERIAL NO

10454707

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ATTORNEY / AGENT: (SPONSORED)

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Abstract

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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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Patent Owner(s)

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International Classification(s)

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Kansal, Namita 284 Fifth Ave., Apt. 7f, New York, NY 10001 3 169

Cited Art Landscape

Patent Info (Count) # Cites Year
 
Other [Check patent profile for assignment information] (2)
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* Cited By Examiner

Patent Citation Ranking

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Patent Info (Count) # Cites Year
 
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Other [Check patent profile for assignment information] (4)
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Clearshift Corporation (3)
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MICROSOFT TECHNOLOGY LICENSING, LLC (1)
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Hartford Fire Insurance Company (3)
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* Cited By Examiner