Invention Grant
- Patent Title: Construction payment management system and method with hierarchical invoicing and direct payment features
- Patent Title (中): 施工支付管理制度和方法,采用分级发票和直接付款功能
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Application No.: US12796120Application Date: 2010-06-08
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Publication No.: US07882004B2Publication Date: 2011-02-01
- Inventor: Patrick J. Allin , Charles C. Cherry , William H. Eichhorn , Howard L. Niden , Richard P. Pedersen, Jr. , Matthew R. Bagley
- Applicant: Patrick J. Allin , Charles C. Cherry , William H. Eichhorn , Howard L. Niden , Richard P. Pedersen, Jr. , Matthew R. Bagley
- Applicant Address: US IL Lake Bluff
- Assignee: Textura Corporation
- Current Assignee: Textura Corporation
- Current Assignee Address: US IL Lake Bluff
- Agency: Michael Best & Friedrich LLP
- Main IPC: G06Q40/00
- IPC: G06Q40/00

Abstract:
A system and method for managing a construction payment process. One method embodying the invention can include creating an electronically-executed first request for payment on behalf of a first participant in a construction project, transmitting the first request for payment to a second participant in the construction project, creating an electronically-executed second request for payment based on the first request for payment, transmitting the second request for payment to a payment source in the construction project, directing transmitting a payment to the second participant from the payment source, and directly transmitting a payment to the first participant from the payment source.
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