Complex prices in bidding

Managing bid pricing information comprises receiving transaction information and item data from a buyer, generating a bid invitation containing entries relating to the transaction information and item data, and making the bid invitation available to a plurality of potential bidders, receiving from o...

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Bibliographic Details
Main Authors Kiefer, Stefan, Gross, Antonia, Koenig, Andreas, Buehler, Michael
Format Patent
LanguageEnglish
Published 27.09.2011
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Summary:Managing bid pricing information comprises receiving transaction information and item data from a buyer, generating a bid invitation containing entries relating to the transaction information and item data, and making the bid invitation available to a plurality of potential bidders, receiving from one or more of the potential bidders bid invitations containing a complex pricing structure and corresponding complex pricing amounts, and selecting a winning bidder based on the complex pricing amounts.