Construction payment management system and method with hierarchical invoicing and direct payment features

Construction payment management system and method with hierarchical invoicing and direct payment features

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...

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Hauptverfasser: Allin, Patrick J, Cherry, Charles C, Eichhorn, William H, Niden, Howard L, Pedersen, Jr, Richard P, Bagley, Matthew R
Format: Patent
Sprache:eng
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creator Allin, Patrick J
Cherry, Charles C
Eichhorn, William H
Niden, Howard L
Pedersen, Jr, Richard P
Bagley, Matthew R
description 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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title Construction payment management system and method with hierarchical invoicing and direct payment features
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