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Computerized cost estimate system and method

  • US 7,319,991 B2
  • Filed: 12/03/2002
  • Issued: 01/15/2008
  • Est. Priority Date: 12/11/2001
  • Status: Expired due to Fees
First Claim
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1. A computerized method for computing a cost estimate, said method comprising the steps of:

  • collecting user profile information concerning a user;

    collecting a first set of costs known by said user;

    reading from database records of a local database that include profile information concerning previous users and that include a second set of costs unknown by said user and known by the previous users, the second set of costs having been uploaded by the previous users after calculating cost estimates using the computerized method, wherein the previous users have profile information similar to the collected user profile information;

    calculating the cost estimate using the first set of costs and the second set of costs;

    displaying the calculated cost estimate; and

    after calculating the cost estimate using the computerized method, sending, to a reference database, a message comprising the collected user profile information concerning the user and the first set of costs known by the user to enable updating of the local database for future users.

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