Patent ID: 7877302

Claim:
A method of managing a construction payment process, the method comprising the acts of establishing electronic communication between a payee device and a construction project management server, wherein the payee device is associated with a payee in a construction project; generating a budget for a construction project and storing the generated budget on a computer-readable memory; storing additional project information to the computer-readable memory, the additional project information relating to the construction project and participants associated with the construction project; receiving, by the construction project management server, an invoice amount from the payee device; in response to receiving the invoice amount, automatically generating, by the construction project management server, an invoice document and a lien waiver document based on the invoice amount, the stored budget, and the stored additional project information; transmitting the lien waiver document to the payee through the payee device with a request for a signature; electronically receiving a signed lien waiver document from the payee; storing the signed lien waiver document to the computer-readable memory and temporarily preventing a payor from accessing the signed lien waiver document; electronically transmitting a payment to the payee from the payor after receiving the signed lien waiver document and before transmitting the signed lien waiver document to the payor; and electronically transmitting the signed lien waiver document to the payor only after the payment has been transmitted to the payee.