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

Claim 8:
9. A computer-implemented 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 computing device associated with a first user, a request for a product;
receiving, by the one or more servers, a response from a second computing device associated with a second user of a plurality of second users to fulfill the request;
accessing, by the one or more servers, request data associated with the request;
generating, by the one or more servers and based at least in part on the request data, 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 including a cost for the second user to fulfill the request;
allowing access, by the one or more servers and to the second computing device associated with the second user, 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 computing device, response data associated with the customized cost estimate from the second computing device;
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 computing device associated with the first user.