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

Claim 0:
1. A system for reducing spikes in bandwidth and network resource consumption associated with hosting an auction comprising:
one or more processors; and
computer-readable media storing first computer-executable instructions that, when executed by the one or more processors, cause the one or more processors to perform operations comprising:
receiving, by one or more servers of a contract negotiation system and from a first computing device associated with a buyer, a request for fulfillment;
determining, by the one or more servers and based at least in part on the request, a number of cost estimates that may be accepted from each of one or more sellers capable of fulfilling the request, wherein at least two of the cost estimates are different from each other;
generating, by the one or more servers, respective customized cost estimates customized on behalf of individual sellers of the one or more sellers prior to submitting the respective customized cost estimate to the first computing device associated with the buyer;
allowing, by the one or more servers and to a second computing device associated with a particular seller of the one or more sellers, access to a customized cost estimate associated with the particular seller;
preventing, by the one or more servers, the particular seller from viewing competing cost estimates of the one or more sellers during a bidding round;
receiving, by the one or more servers and from the second computing device, response data indicating an acceptance or a modification by the particular seller of the customized cost estimate associated with the particular seller;
generating, by the one or more servers, a ranking of the one or more sellers including the particular seller based at least in part on the response data and historical data associated with the particular seller;
determining, by the one or more servers, whether the number of cost estimates has been satisfied; and
in response to determining that the number of cost estimates has been satisfied, providing, by the one or more servers, the customized cost estimate associated with the particular seller and the ranking of the one or more sellers to the first computing device associated with the buyer.