Method of and system for evaluating financial risk associated with a construction project

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United States of America Patent

PATENT NO 7877321
SERIAL NO

11358918

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Abstract

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A system and method for managing a construction payment process. One method embodying the invention can include evaluating financial risk associated with a construction project by electronically aggregating construction project data associated with participants in a construction project, the data aggregated from a software application that manages payment workflows for the construction project; establishing financial metrics based on the project data; and evaluating at least one of either the metrics or the project data to determine financial risk associated with the project.

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Patent Owner(s)

Patent OwnerAddress
TEXTURA CORPORATION1405 LAKE COOK ROAD DEERFIELD IL 60015

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Allin, Patrick J Lake Bluff, US 45 716
Cherry, Charles C Glenview, US 40 661
Eichhorn, William H Hinsdale, US 40 662

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