Variations management

Number of patents in Portfolio can not be more than 2000

United States of America Patent

PATENT NO 10861114
APP PUB NO 20180012315A1
SERIAL NO

15549699

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Importance

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Abstract

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Systems and methods are presented by which a contractor can initiate a proposed variation to a project contract and request payments against the proposed variation even before the variation is approved by the other party to the project contract. A data structure representative of proposed variation is generated and maintained as the proposed variation is reviewed, approved, and elevated to become part of the actual budget for the project. Because the same data structure is maintained throughout the process and after the proposed variation is approved, payment requests, payments, and any other actions taken against the data structure before the proposed variation is approved are automatically linked to the actual budget after approval and, thereby, are recognized and processed by external accounting systems as though the variations were created by the other party to the contract.

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Patent Owner(s)

Patent OwnerAddress
TEXTURA CORPORATION1405 LAKE COOK ROAD DEERFIELD IL 60015

International Classification(s)

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Bohnert, James Stanley Mundelein, US 1 0
Erbe, Paul F Mount Prospect, US 1 0
Freeman, David M Oak Park, US 1 0
Smith, John W Grayslake, US 213 9165
Vernon, Christopher R Lake Bluff, US 1 0

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Maintenance Fees

Fee Large entity fee small entity fee micro entity fee due date
7.5 Year Payment $3600.00 $1800.00 $900.00 Jun 8, 2028
11.5 Year Payment $7400.00 $3700.00 $1850.00 Jun 8, 2032
Fee Large entity fee small entity fee micro entity fee
Surcharge - 7.5 year - Late payment within 6 months $160.00 $80.00 $40.00
Surcharge - 11.5 year - Late payment within 6 months $160.00 $80.00 $40.00
Surcharge after expiration - Late payment is unavoidable $700.00 $350.00 $175.00
Surcharge after expiration - Late payment is unintentional $1,640.00 $820.00 $410.00