ACCELERATED PAYMENT SYSTEM FOR CONSTRUCTION PROJECTS

摘要

Systems and methods are provided for processing accelerated payments, associated with a construction project, that are funded through a third-party funding source. The server is configured to receive, from a first participant associated with the construction project, a request for a payment for services or materials provided in connection with the construction project, the request for payment including a requested payment amount. The server also receives an approval of the request for payment based on a review of a first project metric. An accelerated payment instruction is then transmitted to the third-party funding source and a second project metric is made available to the funding source to aid their review of whether to approve funding. A funding approval is then received from the third-party funding source confirming that an accelerated payment for the requested payment amount will be funded by the third-party funding source.

主权项

1. A construction project funding system comprising a networked computer server for processing accelerated payments, associated with a construction project, that are funded through a third-party funding source, the server configured to:
receive, from a first participant associated with the construction project, a request for a payment for services or materials provided in connection with the construction project, the request for payment including a requested payment amount; receive an approval of the request for payment based on a review of a first project metric; transmit an accelerated payment instruction to the third-party funding source; make available a second project metric to the third-party funding source; and receive a funding approval from the third-party funding source confirming that an accelerated payment for the requested payment amount will be funded by the third-party funding source.