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E-commerce system, method and computer program product

  • US 7,899,721 B2
  • Filed: 02/27/2001
  • Issued: 03/01/2011
  • Est. Priority Date: 02/27/2001
  • Status: Active Grant
First Claim
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1. A computer-implemented method, comprising:

  • registering a plurality of suppliers utilizing an on-line registration form;

    receiving contracts from customers;

    allowing access to the contracts by the suppliers utilizing a network;

    receiving bids on the contracts from the suppliers utilizing the network and an online bid form;

    automatically informing the customers of the bids;

    requiring the suppliers to secure a performance bond relating to the contracts;

    receiving payment from the suppliers; and

    paying the customers a portion of the payment received from the suppliers.

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