Patent ID: 8266011
Filing Date: 2012-09-11
Classification: G06Q

Abstract:
1. A computer-implemented method executed on a data processing system, the method for facilitating a transaction between a buyer and one of a number of sellers, the transaction related to a project specified by the buyer, the method comprising: i) on the data processing system, defining a time period for the transaction; ii) on the data processing system, identifying a set of sellers represented by data stored in a database of the data processing system; iii) on the data processing system, generating data associated with the set of sellers of ii), wherein the data associated with a given seller is independent of any information specified by the given seller particularly for the project; iv) on the data processing system, for each given processing cycle over a number of successive processing cycles that occur during the time period for the transaction of i), automatically classifying at least one seller of the set of sellers of ii) as belonging to a particular type associated with the project, wherein the automatic classification of iv) is based upon the data generated in iii) and irrespective of any information specified by sellers particularly for the project, and wherein the number of sellers classified as belonging to the particular type in iv) automatically increases incrementally over the number of successive processing cycles; and v) on the data processing system, in each given processing cycle, automatically enabling submission of at least one offer related to the project by the sellers classified as belonging to the particular type in iv), whereby the at least one offer can be accepted by the buyer as part of the transaction related to project.