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 in the computer system a risk quotient by referencing the structured data, wherein calculating the risk quotient criteria comprises a value determined by the steps of;
associating a numerical weight with each of a plurality of reputational risk variables;
associating one or more of the reputational risk variables with the data descriptive of details of a financial transaction;
determining a numerical value based upon the content of the data descriptive of details of a financial transaction associated with the one or more reputational risk variables; and
multiplying the numerical value based upon the content times the numerical weight associated with each of the reputational risk variables associated with the data descriptive of details of a financial transaction; 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
27 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 in the computer system a risk quotient by referencing the structured data, wherein calculating the risk quotient criteria comprises a value determined by the steps of; associating a numerical weight with each of a plurality of reputational risk variables; associating one or more of the reputational risk variables with the data descriptive of details of a financial transaction; determining a numerical value based upon the content of the data descriptive of details of a financial transaction associated with the one or more reputational risk variables; and multiplying the numerical value based upon the content times the numerical weight associated with each of the reputational risk variables associated with the data descriptive of details of a financial transaction; 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, 20, 21, 22, 23, 24, 25)
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26. 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, wherein calculating the risk quotient criteria comprises a value determined by the steps of; associating a numerical weight with each of a plurality of reputational risk variables; associating one or more of the reputational risk variables with the data descriptive of details of a financial transaction; determining a numerical value based upon the content of the data descriptive of details of a financial transaction associated with the one or more reputational risk variables; and multiplying the numerical value based upon the content times the numerical weight associated with each of the reputational risk variables associated with the data descriptive of details of a financial transaction; 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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27. Computer executable program code residing on a computer-readable 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, whereincalculating the risk quotient criteria comprises a value determined by the steps of;
associating a numerical weight with each of a plurality of reputational risk variables;associating one or more of the reputational risk variables with the data descriptive of details of a financial transaction; determining a numerical value based upon the content of the data descriptive of details of a financial transaction associated with the one or more reputational risk variables; and multiplying the numerical value based upon the content times the numerical weight associated with each of the reputational risk variables associated with the data descriptive of details of a financial transaction; 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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Specification