Patent ID: 11961131
Assignee: ARKESTRO INC.
Field: IT methods for management (Electrical engineering)
Classification: CPC G | IPC G

Claim 15:
16. A method for reducing spikes in bandwidth and network resource consumption associated with hosting an auction comprising:
receiving, by one or more servers of a contract negotiation system and from a first user device associated with a first user, a request for a product;
receiving, by the one or more servers and from a second user device associated with a second user of a plurality of second users, a response associated with to fulfilling the request;
generating, by the one or more servers and based at least in part on request data associated with the request, a customized cost estimate on behalf of the second user prior to submitting the customized cost estimate to the first computing device associated with the first user, the customized cost estimate customized for the second user and including a cost for the second user to fulfill the request;
allowing access, by the one or more servers and to the second user device, to the customized cost estimate;
preventing, by the one or more servers, the second user from viewing competing cost estimates of the plurality of second users during a bidding round;
receiving, by the one or more servers and from the second user device, response data associated with the customized cost estimate;
generating, by the one or more servers, a ranking of the second user with respect to other users of the plurality of second users based at least in part on the response data and historical data associated with the second user; and
sending, by the one or more servers, the ranking to the first user device.