Patent ID: 7870030

Claim:
A computer-implemented method for fulfilling an invitation for bids of at least one performance to be effected by a bidder against payment, comprising: providing a database, comprising at least one performance description and at least one price description for each of a plurality of predetermined performances; generating a list of unpriced performances desired by a buyer by selecting at least one of the predetermined performances from the database and by including the respective performance description in the list of performances; forwarding the list of unpriced performances to a plurality of bidders; receiving a bid from at least one of the plurality of bidders, each received bid including a bid price input to a bid mask by the bidder and assigned to at least one performance description of the list of unpriced performances, the bid price stating the price to be paid to the bidder for effecting the respective performance by the bidder; evaluating the received bids and selecting a bid from the bids received; and updating the database such that, for each performance of the generated list of performances for which a bid is selected, the price description in the database corresponding to said performance is modified to reflect the selected bid, wherein at least the updating is performed by a computer.