Invention Grant
- Patent Title: Construction payment management system and method with sub-tier document exchange and approval features
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Application No.: US13625324Application Date: 2012-09-24
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Publication No.: US09721280B2Publication Date: 2017-08-01
- Inventor: Patrick J. Allin , William H. Eichhorn , Jeffrey K. Wagner , John W. Smith
- Applicant: Textura Corporation
- Applicant Address: US IL Deerfield
- Assignee: TEXTURA CORPORATION
- Current Assignee: TEXTURA CORPORATION
- Current Assignee Address: US IL Deerfield
- Main IPC: G06Q10/06
- IPC: G06Q10/06 ; G06Q30/04 ; G06Q40/02 ; G06Q40/00

Abstract:
Systems and methods for managing a construction payment process wherein a higher degree of functionality is provided to primary users and only a limited subset of functionality is provided to sub-tier contractors. One construction of the system is configured to receive an electronically signed document and a request for payment from the sub-tier contractor. The request for payment is presented to a first primary user who is a contractual parent of the sub-tier contractor. When approval of the request for payment is received, a payment is initiated from a project payor to the sub-tier contractor. In some embodiments, the project payor is a contractual grandparent of the sub-tier contractor and a contractual parent of the first primary user.
Public/Granted literature
- US20130018799A1 CONSTRUCTION PAYMENT MANAGEMENT SYSTEM AND METHOD WITH SUB-TIER DOCUMENT EXCHANGE AND APPROVAL FEATURES Public/Granted day:2013-01-17
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