Method and process for providing relevant data, comparing proposal alternatives, and reconciling proposals, invoices, and purchase orders with actual costs in a workflow process

CAFC
  • US 7,991,680 B2
  • Filed: 03/06/2001
  • Issued: 08/02/2011
  • Est. Priority Date: 03/06/2000
  • Status: Expired due to Fees
First Claim
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1. A method for procuring at least one good, at least one service, or combinations thereof, for reconciling actual performance data with estimated data for a complex project ordered by a buyer and performed by a seller, the method comprising:

  • obtaining and storing in at least one data storage medium electronically accessible to a processor the estimated data from a source relating to the complex project, wherein the estimated data comprises an initial estimate of the at least one good, the at least one service, or combinations thereof required for performance of at least a portion of the complex project;

    receiving and storing in at least one data storage medium electronically accessible to the processor the actual performance data via a communication network, wherein the actual performance data comprises an indication of the at least one good, the at least one service, or combinations thereof used for performance of at least a portion of the complex project;

    using the processor to compare the actual performance data to the estimated data to determine a discrepancy between the actual performance data and the estimated data;

    sending an electronic notification of the discrepancy to at least one buyer, at least one seller, or combinations thereof;

    receiving a proposed reconciliation from the at least one buyer or the at least one seller; and

    receiving approval or disapproval of the proposed reconciliation from the at least one buyer or the at least one seller.

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