PAY TO PLAY REVERSE AUCTION BIDDING SYSTEM

摘要

The present application includes a system and method for providing a buyer the ability to submit a single request for bidding from multiple contractors. The system includes program software to network the buyer with multiple bidders, social media, dealer partners, retail centers, and a housing database. The contractors are placed in a reverse auction bidding process where each contractor pays a bidding fee at the time of placing a bid. The fee is in proportion to the size of the bid. Fees are collected from each bidder and the cumulative fee is distributed to the system owner and shared with the dealer partner if used. Social media allows the buyer to see friends who have used the system and upload/download pictures of work done by others in the area.

主权项

1. A method of receiving a bid for a job request, comprising:
logging into a system coupled to a network in order to place the job request; reviewing one or more options through the network; submitting the job request for bid, the job request being visible to one or more bidders; subjecting the one or more bidders to a reverse auction bidding process where the bids of each of the one or more bidders is viewable to the other bidders; and charging a bidding fee to the bidder of each bid at the time the bid is made; wherein the bids of the one or more bidders is ranked according to bidder characteristics and buyer selection criteria, the buyer selecting one of the ranked bidders to perform the job.