Patent ID: 8352324

Claim:
A system for conducting invitations for bids for at least one contract awarder, wherein the bidding method is carried out for at least one performance to be effected by a bidder, comprising: a data storage device storing at least performance descriptions and price descriptions, wherein assigned to a plurality of predetermined performances there is stored at least one performance description and one price description for effecting the performance; a communications device forwarding performance descriptions selected from the stored performance descriptions to a party submitting an invitation for bids; a first receiving device receiving a list of performances, from the party submitting an invitation for bids, generated from the forwarded performance descriptions; a first transmission device forwarding the list of performances to a plurality of bidders; a second receiving device receiving bids from at least one bidder of the plurality of bidders, each bid comprising at least one bid price input to a bid mask by the bidder, which bid price is assigned to a performance description of the forwarded list of performances, which bid price states the amount to be paid to the bidder for effecting the respective performance by the bidder; a second transmission device transmitting the received bids to the party submitting the invitation for bids; a third receiving device receiving information regarding a bid selected by the party submitting the invitation for bids; and an update device updating the price descriptions stored in the data storage device based on at least one bid price of the bid selected by the party submitting the invitation for bids.