Construction payment management system and method with sub-tier document exchange and approval features
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United States of America Patent
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Aug 1, 2017
Issued Date -
N/A
app pub date -
Sep 24, 2012
filing date -
Apr 5, 2007
priority date (Note) -
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status (Latency Note)
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Abstract
Systems and methods for managing a construction payment process wherein a higher degree of functionality is provided to primary users and only a limited subset of functionality is provided to sub-tier contractors. One construction of the system is configured to receive an electronically signed document and a request for payment from the sub-tier contractor. The request for payment is presented to a first primary user who is a contractual parent of the sub-tier contractor. When approval of the request for payment is received, a payment is initiated from a project payor to the sub-tier contractor. In some embodiments, the project payor is a contractual grandparent of the sub-tier contractor and a contractual parent of the first primary user.
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