Patent ID: 8515864
Filing Date: 2013-08-20
Classification: G06Q

Abstract:
1. A web enabled multiparty multicontract project management process comprising: a) storing, with a computer processor, information required to manage at least one contract comprising at least one contract set up and at least one phase set up; b) assigning, with a computer processor, multilevel, party-identity dependent, accessibility by unlimited authorized users wherein said users include at least one pay application originator having an account, at least one pay application approver, and a funds holder; c) providing, with a computer processor, information on contract progress comprising budget and costs to date, phase progress, phase budget and costs to date; d) balancing and reporting, with a computer processor, stored materials levels; e) designating, with a computer processor, a sequence of a plurality of approvers for a selected phase; f) receiving and processing, with a computer processor, a request for payment from said pay application originator and a signed waiver form; g) withdrawing, with a computer processor, funds from an account held by said funds holder, deposit said payment into an account controlled by said process and substantially simultaneously transfer said payment to the originator's account and release said signed waiver form to at least one said approver.