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 -
Jul 26, 2012
app pub date -
Apr 5, 2012
filing date -
Jun 29, 2004
priority date (Note) -
Abandoned
status (Latency Note)
Importance
Abstract
Systems and method for managing a construction payment process. When instructions are executed by a processor, an application server electronically generates a first request for payment on behalf of a first participant in a construction project in response to information received from the first participant. The first request for payment is transmitted to a second participant and a second request for payment is electronically generated on behalf of the second participant based at least in part on the first request for payment. The second request for payment is then transmitted to a payment source. A first payment is initiated from the payment source to the first participant based on the first request for payment. A second payment is initiated from the payment source to the second participant based on the second request for payment.
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Family
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Cited Art Landscape
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