Construction payment management system and method with hierarchical invoicing and direct payment features
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United States of America Patent
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N/A
Issued Date -
Nov 30, 2006
app pub date -
Jul 12, 2006
filing date -
Jun 29, 2004
priority date (Note) -
Abandoned
status (Latency Note)
Importance
Abstract
A system and method for managing a construction payment process. One method embodying the invention can include creating an electronically-executed first request for payment on behalf of a first participant in a construction project, transmitting the first request for payment to a second participant in the construction project, creating an electronically-executed second request for payment based on the first request for payment, transmitting the second request for payment to a payment source in the construction project, directing transmitting a payment to the second participant from the payment source, and directly transmitting a payment to the first participant from the payment source.
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Family
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Cited Art Landscape
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