A system and method of conducting an electronic auction allows participants to create multivariable auctions for participants having different locations having a positive or negative need of auctioned goods. The system may create initial bids to beat for all participants after the system calculates current costs relevant to each participant. After each bid, the system reviews the position or state of all participants, and outputs bids to beat that would result in an economic gain for the respective participants. The system may be configured to generate maps for the transport of goods and initial transport prices by acceptance of data from transportation bidders. After completion of an auction, a full system audit trail may be made available to verify the integrity of the auction and fees charged by the system. In a construction site embodiment, quarries may be integral partners and assist in establishing initial or default bids.
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