Construction payment management system and method with real-time draw notification features
First Claim
1. A computer implemented method of managing a construction payment process, the method comprising the acts of:
- establishing electronic communication between a first participant device and a construction project management server;
receiving, by the construction project management server, draw initiation information from the first participant device, the draw initiation information including a selection of a date on which a draw will be executed and a selection of one or more participants to receive a notification of the draw;
electronically generating, by the construction project management server, the notification of the draw in real-time in response to receiving the draw initiation information from the first participant device, wherein the notification of the draw includes an indication of the date on which the draw will be executed and an invitation to submit invoice details related to the construction project;
accessing, by the construction project management server, previously stored notification preference information stored on a computer readable memory, the notification preference information corresponding to at least one of the selected one or more participants and identifying a method for delivering notifications to the at least one of the selected one or more participants;
electronically transmitting the notification, by the construction project management server, to each of the selected one or more participants based upon notification preference information corresponding to each of the selected one or more participants; and
electronically initiating the draw in accordance with the draw initiation information, wherein the at least one of the selected one or more participants receives a payment in the draw.
1 Assignment
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Accused Products
Abstract
A system and method for managing a construction payment process. According to one method, a construction project management server receives draw initiation information from a device including a selection of a date on which a draw will be executed and a selection of one or more participants to receive a notification of the draw. The server accesses previously stored notification preference information stored on a computer readable memory that corresponds to one or more of the selected participants and transmits a notification to each of the selected one or more participants based upon the notification preference information.
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Citations
47 Claims
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1. A computer implemented method of managing a construction payment process, the method comprising the acts of:
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establishing electronic communication between a first participant device and a construction project management server; receiving, by the construction project management server, draw initiation information from the first participant device, the draw initiation information including a selection of a date on which a draw will be executed and a selection of one or more participants to receive a notification of the draw; electronically generating, by the construction project management server, the notification of the draw in real-time in response to receiving the draw initiation information from the first participant device, wherein the notification of the draw includes an indication of the date on which the draw will be executed and an invitation to submit invoice details related to the construction project; accessing, by the construction project management server, previously stored notification preference information stored on a computer readable memory, the notification preference information corresponding to at least one of the selected one or more participants and identifying a method for delivering notifications to the at least one of the selected one or more participants; electronically transmitting the notification, by the construction project management server, to each of the selected one or more participants based upon notification preference information corresponding to each of the selected one or more participants; and electronically initiating the draw in accordance with the draw initiation information, wherein the at least one of the selected one or more participants receives a payment in the draw. - 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)
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24. A construction payment management system comprising:
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an application server including a computer readable memory that stores computer executable instructions for a notifications manager module and a draw module, wherein a participant device is communicatively coupled to the application server, wherein the draw module receives draw initiation information from the participant device, the draw initiation information including a date on which the draw will be executed and a selection of one or more participants to receive a notification of the draw, and generates the notification of the draw in real-time in response to receiving the draw initiation information, the notification including an indication of the date on which the draw will be executed and an invitation to submit invoice details related to the construction project, wherein the notifications manager module accesses previously stored notification preference information stored on the computer readable memory, the notification preference information corresponding to at least one of the selected one or more participants and identifying a method for delivering notifications to the at least one of the selected one or more participants, and electronically transmits the notification generated by the draw module to the selected one or more participants based upon the notification preference information corresponding to each of the selected one or more participants, wherein the draw module electronically initiates the draw according to the draw initiation information, and wherein at least one of the selected one or more participants receives a payment in the draw. - View Dependent Claims (25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 45, 46, 47)
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Specification