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Secure teleprocessing bidding system

  • US 5,243,515 A
  • Filed: 10/30/1990
  • Issued: 09/07/1993
  • Est. Priority Date: 10/30/1990
  • Status: Expired due to Term
First Claim
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1. A transaction processing system for conducting a secret competitive bidding procedure for at least one project having at least one division;

  • said system including means for receiving at least one bid for said at least one division from at least one bidder;

    each bid including fields identifying the bidder, the bid recipient, the project, the division, and the bid amount;

    means for retrieving and storing each bid;

    means for refusing to accept bids on at least one project beyond a predetermined date;

    means for generating a bid recipient report for each bid identifying that bid recipient sorted by project, division, and bid amount;

    said bid recipient report including fields identifying the bidder, the project, the division, the amount of the bid;

    means for communicating said bid recipient report to said bid recipient after said predetermined date;

    means for generating a bidder report for each bidder of each bid received for the project and division for which said bidder submitted a bid;

    said bidder report including fields identifying the bid recipient, the project, the division, and the bid amount; and

    means for communicating said bidder report to said bidders at a second predetermined date.

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