Patent ID: 7953646

Claim:
A computer-implemented method of providing automated auctioning of a web service at a customer's side, the computer-implemented method when executed by a customer computer, causing the customer computer to: request, at the customer computer, a list of web service providers matching a profile; receive, at the customer computer, the list of a plurality of web service providers matching the requested profile of a web service; issue, at the customer computer, a first bid request to each entry on the list of the plurality of web service providers the first bid request including fields for price, accuracy and security; collect, at the customer computer, bids from the web service providers based on the first bid request; assess, at the customer computer, the bids according to customer needs to create bid assessment scores for each of the plurality of web service providers the bid assessment scores based on customer-defined weights for the price, accuracy and security fields; perform, at the customer computer, an iteration utilizing a best bid assessment score from all scores as a reference, the iteration being performed with a second bid request; and select, at the client computer, a web service provider with a highest bid assessment score.