Abstract: Systems and methods for managing a construction payment process. One construction of the system includes a computer readable memory and a software enabled user interface. A process is configured to display to a payee via the user interface an electronic notification of a pending payment and a request for an electronically signed document such as a lien waiver. The processor of this construction is further configured to receive the electronically signed document, store it to a computer readable memory, and initiate payment. In some constructions, the processor is further configured to display the electronically signed document to the payer only after payment has been initiated. In some constructions, the processor is further configured to verify that requirements are fulfilled before initiating payment.

Abstract: Systems and methods for managing a construction payment process. One construction of the system includes a computer readable memory and a software enabled user interface. A process is configured to display to a payee via the user interface an electronic notification of a pending payment and a request for an electronically signed document such as a lien waiver. The processor of this construction is further configured to receive the electronically signed document, store it to a computer readable memory, and initiate payment. In some constructions, the processor is further configured to display the electronically signed document to the payer only after payment has been initiated. In some constructions, the processor is further configured to verify that requirements are fulfilled before initiating payment.

Abstract: A system and method for managing a construction payment process. One method embodying the invention can include generating a budget for a construction project, receiving an invoice amount from at least one participant in the construction project, generating at least one of an automated invoice and an automated sworn statement based on the invoice amount and the budget, generating at least one automated lien waiver based on at least one of the automated invoice and the automated sworn statement, and electronically executing at least one of the automated invoice, the automated sworn statement, and the at least one automated lien waiver to create at least one of a legally-binding invoice, a legally-binding sworn statement, and a legally-binding lien waiver.

Abstract: A system and method for managing a construction payment process. One method embodying the invention can include electronically receiving registration information including payment information from a plurality of participants, electronically storing the registration information for use with multiple construction projects, and transferring a plurality of payments to a plurality of participants associated with a plurality of construction projects by electronically accessing the registration information.

Abstract: A system and method for managing a construction payment process. One method embodying the invention can include automatically generating an electronic notification in response to an event, the electronic notification including an action item selectable by a participant to perform an action in response to the event, and making the electronic notification available to at least one participant in a construction project.

Abstract: A system and method for managing a construction payment process. One method embodying the invention can include storing a plurality of workflows to control automatic electronic notification sequences of the construction payment process, electronically receiving information related to a construction project from a first participant, automatically electronically transmitting a first notification to a second participant in the construction project based on the information received from the first participant, electronically requesting a response from the second participant related to the first notification, electronically receiving a response from the second participant related to the first notification, automatically validating the response, and automatically electronically transmitting a second notification to a third participant included in the construction project based on the response received from the second participant.

Abstract: A system and method for managing a construction payment process. One graphical user interface embodying the invention can include a project schedule progress bar and a funds disbursed progress bar. The project schedule progress bar indicates progress with respect to calendar dates of a construction project, and the funds disbursed progress bar indicates progress with respect to a budget dollar amount of a construction project. Another graphical user embodying the invention can include an organization form, a project form, a budget form, a draw initiated notification, an enter request for payment form, a sign lien waiver notification, and a payment disbursed notification for notifying the plurality of participants that a payment has been disbursed for the pending draw to each of the plurality of participants based on the payment information received from each of the plurality of participants.

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.

Abstract: A system and method for managing a construction payment process. One method embodying the invention can include automatically generating an electronic notification in response to an event, the electronic notification including an action item selectable by a participant to perform an action in response to the event, and making the electronic notification available to at least one participant in a construction project.

Abstract: A system and method for managing a construction payment process. One method embodying the invention can include storing a plurality of workflows to control automatic electronic notification sequences of the construction payment process, electronically receiving information related to a construction project from a first participant, automatically electronically transmitting a first notification to a second participant in the construction project based on the information received from the first participant, electronically requesting a response from the second participant related to the first notification, electronically receiving a response from the second participant related to the first notification, automatically validating the response, and automatically electronically transmitting a second notification to a third participant included in the construction project based on the response received from the second participant.

Abstract: A system and method for managing a construction payment process. One graphical user interface embodying the invention can include a project schedule progress bar and a funds disbursed progress bar. The project schedule progress bar indicates progress with respect to calendar dates of a construction project, and the funds disbursed progress bar indicates progress with respect to a budget dollar amount of a construction project. Another graphical user embodying the invention can include an organization form, a project form, a budget form, a draw initiated notification, an enter request for payment form, a sign lien waiver notification, and a payment disbursed notification for notifying the plurality of participants that a payment has been disbursed for the pending draw to each of the plurality of participants based on the payment information received from each of the plurality of participants.

Abstract: A system and method for managing a construction payment process. One method embodying the invention can include electronically creating a primary budget for a construction project including at least one first line item, electronically assigning the at least one first line item to a participant of the construction project, electronically creating a secondary budget for the at least one first line item, the secondary budget created for at least one of a general contractor, a subcontractor, and a material supplier and including at least one second line item, and automatically reconciling the primary budget and the secondary budget before administering a draw.

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.

Abstract: A system and method for managing a construction payment process. One method embodying the invention can include establishing communication with a plurality of participants in a construction project, automatically generating a notification of a draw in real-time in response to a participant associated with the construction project electronically initiating the draw, selecting a set of the plurality of participants, and making the notification available to the set of the plurality of participants.

Abstract: System and method for managing a construction payment process. One method embodying the invention can include allowing a participant to receive a payment associated with a project by accessing registration information. A method can include generating a real-time notification of a draw. Another method can include generating an automated invoice including one or more line items. Still another method can include automatically generating a sworn statement including dollar amounts from automated invoices. Yet another method can include receiving an acknowledgement that a participant has received funds and substantially simultaneously releasing a lien waiver. Another method embodying the invention can include reconciling a primary budget and secondary budgets including line items before administering a draw.