Construction payment management system and method with draw notification features
First Claim
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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Accused Products
Abstract
Systems and method for managing a construction payment process. When instructions are executed by a processor, an application server determines a date on which a draw is to occur for a construction project and generates a notification. The notification includes 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. The application server then determines a plurality of participants associated with the construction project to be included in the draw and transmits the notification to the determined plurality of participants. The application server initiates the draw on the determined date and at least one participant of the determined plurality of participants receives a payment in the draw.
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Citations
19 Claims
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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:
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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. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11)
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12. A method of managing a payment process for a construction project, the method comprising:
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determining a date on which a draw is to occur for a construction project by automatically scheduling periodic draws during the construction project; electronically generating 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; determining a plurality of participants associated with the construction project to be notified of the draw; transmitting the notification to remote devices associated with the determined plurality of participants; receiving 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 initiating the draw on the determined date, wherein the at least one participant of the determined plurality of participants receives a payment in the draw. - View Dependent Claims (13, 14, 15, 16, 17, 18, 19)
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Specification