Construction industry risk management clearinghouse
First Claim
1. A computer-implemented method for managing risk related to a construction industry, the method comprising:
- indicating in a computer system that an entity is a construction industry entity according to the entity'"'"'s engagement in at least one of;
design, building, manufacture, repair and maintenance, of one or more man made structures;
gathering data into the computer system generally related to one or more construction industry entities;
receiving data into the computer system descriptive of details of a financial transaction involving a construction industry entity, wherein the data received comprises identification data for at least one construction industry entity;
structuring the gathered data and the data relating details of the financial transaction according to risk quotient criteria;
calculating a risk quotient by referencing the structured data; and
generating a report comprising the risk quotient and at least some of the structured data referenced to calculate the risk quotient.
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Accused Products
Abstract
Systems, methods, apparatus, computer program code and means for gathering, organizing and presenting on a real time basis information pertinent to Risks associated with subjects related to the Construction Industry. Risks associated with the Construction Industry can be managed by gathering data relevant to the Construction Industry from multiple sources and aggregating the gathered data according to one or more Risk variables. An inquiry relating to a Risk subject can be received and portions of the aggregated data can be associated with the Risk subject. The associated portions of the aggregated data can be transmitted to an entity placing the inquiry or other designated destination.
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Citations
38 Claims
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1. A computer-implemented method for managing risk related to a construction industry, the method comprising:
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indicating in a computer system that an entity is a construction industry entity according to the entity'"'"'s engagement in at least one of;
design, building, manufacture, repair and maintenance, of one or more man made structures;
gathering data into the computer system generally related to one or more construction industry entities;
receiving data into the computer system descriptive of details of a financial transaction involving a construction industry entity, wherein the data received comprises identification data for at least one construction industry entity;
structuring the gathered data and the data relating details of the financial transaction according to risk quotient criteria;
calculating a risk quotient by referencing the structured data; and
generating a report comprising the risk quotient and at least some of the structured data referenced to calculate the risk quotient. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 21, 22, 23, 24, 25, 26, 27, 29, 30, 31)
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20. The method of claim 20 wherein the source comprises an investigation firm.
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28. The method of claim 28 wherein enhancing the data comprises scrubbing the data to incorporate changes in the spelling of words comprising the gathered data as compared to the data descriptive of details of a financial transaction.
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32. A computerized system for managing risk associated with construction industry, the system comprising:
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a computer server accessible with a system access device via a communications network; and
executable software stored on the server and executable on demand, the software operative with the server to cause the system to;
indicate in a computer system that an entity is a construction industry entity according to the entity'"'"'s engagement in at least one of;
design, building, manufacture, repair and maintenance, of one or more man made structures;
gather data into the computer system generally related to one or more construction industry entities;
receive data into the computer system descriptive of details of a financial transaction involving a construction industry entity, wherein the data received comprises identification data for at least one construction industry entity;
structure the gathered data and the data relating details of the financial transaction according to risk quotient criteria;
calculate a risk quotient by referencing the structured data; and
generate a report comprising the risk quotient and at least some of the~structured data referenced to calculate the risk quotient.
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33. Computer executable program code residing on a computer-readable 30 medium, the program code comprising instructions for causing the computer to:
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indicate in a computer system that an entity is a construction industry entity according to the entity'"'"'s engagement in at least one of;
design, building, manufacture, repair and maintenance, of one or more man made structures;
gather data into the computer system generally related to one or more construction industry entities;
receive data into the computer system descriptive of details of a financial transaction involving a construction industry entity, wherein the data received comprises identification data for at least one construction industry entity;
structure the gathered data and the data relating details of the financial transaction according to risk quotient criteria;
calculate a risk quotient by referencing the structured data; and
generate a report comprising the risk quotient and at least some of the structured data referenced to calculate the risk quotient.
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34. A computer-implemented method for facilitating the quantification of risk due diligence related to the Construction Industry, the method comprising:
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receiving into a computer system data relating to details of a financial transaction wherein the details of the transaction comprise identification data for at least one transaction participant;
indicating in the computer system that the transaction participant is a construction industry entity based upon the transaction participant'"'"'s engagement in at least one of;
design, building, manufacture, repair and maintenance, of one or more man made structures;
receiving data into the computer system generally related to one or more construction industry entities;
receiving into the computer system an indication of the source of the received data generally related to one or more construction industry entities;
structuring the received data generally related to one or more Construction Industry Entities according to risk criteria, wherein the risk criteria comprises at least one of;
personnel employed by the Construction Industry Entity;
litigations involving a Construction Industry Entity;
types of activities undertaken by a Construction Industry entity;
government or regulatory actions related to the Construction Industry;
history of fraud or money laundering associated with a Construction Industry Entity;
felony history associated with an employee of a Construction Industry Entity;
building materials associated with a Construction Industry project; and
labor relations involving a Construction Industry Entity; and
generating a report relating to risk due diligence wherein the report comprises an indication that the transaction participant is a construction industry entity, at least some of the structured data which relates to the Construction Industry Entity; and
an indication of the source of the at least some of the structured data. - View Dependent Claims (35, 36, 37, 38)
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Specification