Pay Request System-Unit Pricing

摘要

This web enabled system is capable of facilitating the management of unlimited projects within which an unlimited number of parties may participate to complete an unlimited number of stages, substages and tasks. The system facilitates the efficient disbursal of monies while reducing the inefficiencies that result when money is not timely disbursed, including an alternate embodiment where pricing and progress is facilitated through unit pricing and completion. Allowed inputs are governed by each party's function and the password security level provided therefore, in balance with checks against required approvals or releases by other affected parties and intrasystem consistency checks. The system provides net payment function management to provide payor credit for faster payment.

主权项

1. A computer and web-enabled multicontract project management process comprising:
a) storing, with at least one computer processor, data required to manage at least one of a project, contract, and a subcontract, said data comprising unit pricing, identifying at least one pay application originator, an account associated with said pay application originator, a single approver, a funds holder and an account associated with said funds holder; b) tracking and providing, with at least one computer processor, information on contract progress comprising reporting a quantity complete based on unit pricing and a completed work value; c) processing, with at least one computer processor, a request for payment by said at least one pay application originator, said process comprising presenting a waiver of one of said at least one right to said pay application originator for completion, obtaining a completed waiver from said pay application originator, and receiving a payment approval indicator from said single approver.