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

ALSO PUBLISHED AS: 20030182213

Stats

ATTORNEY / AGENT: (SPONSORED)

Importance

Loading Importance Indicators... loading....

Abstract

See full text

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.

Loading the Abstract Image... loading....

First Claim

See full text

all claims..

Related Publications

Loading Related Publications... loading....

Patent Owner(s)

  • Assignment data not available. Check USPTO

International Classification(s)

  • [Classification Symbol]
  • [Patents Count]

Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Kansal, Namita 284 Fifth Ave., Apt. 7f, New York, NY 10001 3 161

Cited Art Landscape

Patent Info (Count) # Cites Year
 
ADB SYSTEM INTERNATIONAL, INC. (1)
5,890,138 Computer auction system 701 1996
 
GARTNER GROUP (1)
5,734,890 System and method for analyzing procurement decisions and customer satisfaction 140 1995
 
GEORGE MASON INTELLECTUAL PROPERTIES, INC. (1)
5,748,973 Advanced integrated requirements engineering system for CE-based requirements assessment 41 1994
 
HARD DOLLAR CORPORATION (1)
6,092,050 Graphical computer system and method for financial estimating and project management 79 1998
 
INTERNATIONAL BUSINESS MACHINES CORPORATION (1)
6,219,654 Method, system and program product for performing cost analysis of an information technology implementation 89 1999
 
INVESTORS GUARANTY FUND, LTD. (1)
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 213 1995
 
PARTNERSHIP LIFE ASSURANCE COMPANY LIMITED (1)
5,930,760 Process and apparatus for the derivation of annuity rates 28 1997
 
PERVASIVE SOFTWARE, INC. (1)
6,195,646 System and method for facilitating the valuation and purchase of information 86 1997
 
RAYTHEON COMPANY (1)
6,088,678 Process simulation technique using benefit-trade matrices to estimate schedule, cost, and risk 42 1996
 
RISEN, KATHERINE D. (1)
6,018,714 Method of protecting against a change in value of intellectual property, and product providing such protection 156 1997
 
Swychco Support Services Pty. Ltd. (1)
5,970,479 Methods and apparatus relating to the formulation and trading of risk management contracts 351 1993
 
VERIZON PATENT AND LICENSING INC. (1)
5,765,138 Apparatus and method for providing interactive evaluation of potential vendors 224 1995
 
Other [Check patent profile for assignment information] (2)
5,918,219 System and method for estimating construction project costs and schedules based on historical data 149 1994
6,647,374 System and method of assessing and rating vendor risk and pricing of technology delivery insurance 110 2001

Patent Citation Ranking

Forward Cite Landscape

Patent Info (Count) # Cites Year
 
GENWORTH HOLDINGS, INC. (13)
7,844,476 Process for case-based insurance underwriting suitable for use by an automated system 3 2002
7,630,910 System for case-based insurance underwriting suitable for use by an automated system 14 2002
8,793,146 System for rule-based insurance underwriting suitable for use by an automated system 0 2002
8,005,693 Process for determining a confidence factor for insurance underwriting suitable for use by an automated system 4 2002
7,899,688 Process for optimization of insurance underwriting suitable for use by an automated system 5 2002
7,844,477 Process for rule-based insurance underwriting suitable for use by an automated system 5 2002
7,818,186 System for determining a confidence factor for insurance underwriting suitable for use by an automated system 6 2002
7,813,945 System and process for multivariate adaptive regression splines classification for insurance underwriting suitable for use by an automated system 5 2003
7,801,748 System and process for detecting outliers for insurance underwriting suitable for use by an automated system 12 2003
7,567,914 System and process for dominance classification for insurance underwriting suitable for use by an automated system 21 2003
7,383,239 System and process for a fusion classification for insurance underwriting suitable for use by an automated system 7 2003
7,698,159 Systems and methods for performing data collection 3 2004
8,214,314 System and process for a fusion classification for insurance underwriting suitable for use by an automated system 2 2008
 
ELANCE, INC. (3)
8,380,709 Method and system for ranking users 4 2008
8,700,614 Method of and a system for ranking members within a services exchange medium 0 2010
8,706,607 Method and apparatus for an electronic marketplace for services having a collaborative workspace 0 2011
 
GOLDMAN, SACHS & CO. (2)
7,590,594 Method, software program, and system for ranking relative risk of a plurality of transactions 1 2001
8,442,907 Method, software program, and system for ranking relative risk of a plurality of transactions 0 2009
 
ALLSTATE INSURANCE COMPANY (1)
8,612,262 Market relationship management 0 2006
 
EQUIFAX, INC. (1)
8,024,263 Macroeconomic-adjusted credit risk score systems and methods 1 2010
 
GEWORTH FINANCIAL, INC. (1)
7,895,062 System for optimization of insurance underwriting suitable for use by an automated system 2 2002
 
HEWLETT-PACKARD DEVELOPMENT COMPANY, L.P. (1)
7,711,657 Resource-reservation pricing structures based on expected ability to deliver 0 2006
 
INTERNATIONAL BUSINESS MACHINES CORPORATION (1)
7,870,047 System, method for deploying computing infrastructure, and method for identifying customers at risk of revenue change 0 2004
 
JDA SOFTWARE GROUP, INC (1)
7,620,566 Providing decision support through visualization of participant past performance in an electronic commerce environment 6 2001
 
Marsh USA Inc. (1)
8,335,701 System and method for determining opportunities and peer information for insurance policies 2 2012
 
ORACLE INTERNATIONAL CORPORATION (1)
7,778,864 System and method for identifying sourcing event metrics for analyzing a supplier 2 2002
 
SWISS REINSURANCE COMPANY LTD. (1)
8,515,783 Risk assessment method 0 2000
 
Other [Check patent profile for assignment information] (2)
8,392,280 System for enabling consumers to evaluate automobile leases 1 2008
8,666,788 Systems and methods for facilitating an insurance marketplace for negotiations among brokers and insurance carriers 0 2013

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