Abstract: A system for and method of configuring capital equipment in an on-line marketplace environment provides for the generation and acceptance of purchase orders in an automated and distributed environment. Using this system or method, a purchaser may view basic product information at a business-to-business exchange web page and select a link to display a product provider web page. After the purchaser contacts the product provider to configure a particular capital equipment product, the product provider posts a complete product specification and price quotation on-line at the product provider web page. A reference to the quote is displayed at the exchange web page, and the purchaser may view the quotation on-line and accept the quotation at the exchange web page.