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:
- assign, in response to data received from a first computing device, a date on which a draw is to occur for a construction project, the draw including one or more payments for work performed on the construction project;
automatically generate an electronic 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 for work performed on the construction project, wherein the invitation includes a selectable link to an electronic form for receiving a request for payment;
assign, in response to data received from the first computing device, a plurality of participants associated with the construction project to be notified of the draw;
automatically transmit the electronic notification including the selectable link to a computing device associated with each of the plurality of participants over at least one network;
receive, from a second computing device associated with a participant of the plurality of participants, a selection of the selectable link;
automatically display, in response to the selection of the selectable link, the electronic form on the second computing device associated with the participant of the plurality of participants;
receive, through the electronic form, a request for payment from the second computing device associated with the participant of the plurality of participants;
determine whether the request for payment is approved for inclusion in the draw; and
when it is determined that the request for payment is approved for inclusion in the draw, combine the request from the second computing device with requests from one or more participants of the plurality of participants and electronically initiate the draw on the date, wherein the participant of the plurality of participants receives a payment in the draw for work performed by the participant of the plurality of participants on the construction project based on the request for payment received from the participant of the plurality of participants.
2 Assignments
0 Petitions
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
20 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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assign, in response to data received from a first computing device, a date on which a draw is to occur for a construction project, the draw including one or more payments for work performed on the construction project; automatically generate an electronic 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 for work performed on the construction project, wherein the invitation includes a selectable link to an electronic form for receiving a request for payment; assign, in response to data received from the first computing device, a plurality of participants associated with the construction project to be notified of the draw; automatically transmit the electronic notification including the selectable link to a computing device associated with each of the plurality of participants over at least one network; receive, from a second computing device associated with a participant of the plurality of participants, a selection of the selectable link; automatically display, in response to the selection of the selectable link, the electronic form on the second computing device associated with the participant of the plurality of participants; receive, through the electronic form, a request for payment from the second computing device associated with the participant of the plurality of participants; determine whether the request for payment is approved for inclusion in the draw; and when it is determined that the request for payment is approved for inclusion in the draw, combine the request from the second computing device with requests from one or more participants of the plurality of participants and electronically initiate the draw on the date, wherein the participant of the plurality of participants receives a payment in the draw for work performed by the participant of the plurality of participants on the construction project based on the request for payment received from the participant of the plurality of participants. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12)
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13. A computer-based method of managing a payment process for a construction project, the method comprising:
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assigning, in response to data received from a first computing device, a date on which a draw is to occur for a construction project; automatically generating an electronic notification, by an application server, 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 includes a selectable link to an electronic form for receiving a request for payment; assigning, in response to data received from the first computing device, by the application server, a plurality of participants associated with the construction project to be notified of the draw; automatically transmitting the electronic notification including the selectable link from the application server to a computing device associated with each of the plurality of participants over at least one network; receiving, by the application server, a selection of the selectable link from a second computing device associated with a participant of the plurality of participants; automatically displaying, by the application server, the electronic form on the second computing device associated with the participant of the plurality of participants in response to the selection of the selectable link; receiving, by the application server, a request for payment from the second computing device associated with the participant of the plurality of participants through the electronic form; determining whether the request for payment is approved for inclusion in the draw; and when it is determined that the request for payment is approved for inclusion in the draw, combine the request from the second computing device with requests from one or more participants of the plurality of participants and electronically initiating, by the application server, the draw on the date, wherein the participant of the plurality of participants receives a payment in the draw based on the request for payment received from the participant of the plurality of participants. - View Dependent Claims (14, 15, 16, 17, 18, 19, 20)
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Specification