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Construction payment management system and method with draw notification features

  • US 10,453,039 B2
  • Filed: 05/24/2016
  • Issued: 10/22/2019
  • Est. Priority Date: 06/29/2004
  • Status: Active Grant
First Claim
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1. A construction payment management system comprising an application server including a processor and a computer readable memory storing instructions that, when executed by the processor, cause the application server to:

  • determine a date on which a draw is to occur for a construction project by automatically scheduling periodic draws during the construction project;

    electronically generate a notification including an indication of the date on which the draw will occur and an invitation to initiate a request for payment to be included in the draw, wherein the invitation to initiate a request for payment includes a selectable link to an electronic form for receiving a request for payment;

    determine a plurality of participants associated with the construction project to be notified of the draw;

    transmit the notification to remote devices associated with the determined plurality of participants;

    receive the request for payment through the electronic form from at least one participant of the determined plurality of participants, wherein the at least one participant accesses the electronic form by selecting the selectable link on an associated remote device;

    electronically initiate the draw on the determined date, wherein the at least one participant of the determined plurality of participants receives a payment in the draw.

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