Charles O Cherry

US Patent:

7490064, Feb 10, 2009

Filed:

Sep 17, 2007

Appl. No.:

11/901375

Inventors:

Patrick J. Allin - Lake Bluff IL, US
Charles C. Cherry - Glenview IL, US
William H. Eichhorn - Hinsdale IL, US

Assignee:

Textura Corporation - Deerfield IL

International Classification:

G06Q 40/00

US Classification:

705 40, 705 37, 705 38, 705 39

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.

US Patent:

7672888, Mar 2, 2010

Filed:

Sep 12, 2007

Appl. No.:

11/900590

Inventors:

Patrick J. Allin - Lake Bluff IL, US
Charles C. Cherry - Glenview IL, US
William H. Eichhorn - Hinsdale IL, US
Howard L. Niden - Chicago IL, US
Matthew R. Bagley - Green Bay WI, US

Assignee:

Textura Corporation - Lake Bluff IL

International Classification:

G06Q 40/00

US Classification:

705 35, 705 38, 705 37, 705 36

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. Another method embodying the invention can include electronically receiving a lien waiver from a participant in a construction project, electronically transmitting payment to the participant in response to receipt of the lien waiver, and releasing the lien waiver in response to the payment.

US Patent:

7725384, May 25, 2010

Filed:

Sep 12, 2007

Appl. No.:

11/900573

Inventors:

Patrick J. Allin - Lake Bluff IL, US
Charles C. Cherry - Glenview IL, US
William H. Eichhorn - Hinsdale IL, US
Howard L. Niden - Chicago IL, US

Assignee:

Textura Corporation - Lake Bluff IL

International Classification:

G06Q 40/00

US Classification:

705 37, 705 36, 705 35

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.

US Patent:

7734546, Jun 8, 2010

Filed:

Sep 12, 2007

Appl. No.:

11/900546

Inventors:

Patrick J. Allin - Lake Bluff IL, US
Charles C. Cherry - Glenview IL, US
William H. Eichhorn - Hinsdale IL, US
Howard L. Niden - Chicago IL, US
Matthew R. Bagley - Green Bay WI, US

Assignee:

Textura Corporation - Lake Bluff IL

International Classification:

G06Q 40/00

US Classification:

705 40, 705 35, 705 38, 707 3, 707E17014, 726 4

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.

US Patent:

7818250, Oct 19, 2010

Filed:

Sep 27, 2007

Appl. No.:

11/904429

Inventors:

Patrick J. Allin - Lake Bluff IL, US
Charles C. Cherry - Glenview IL, US
William H. Eichhorn - Hinsdale IL, US
Howard L. Niden - Chicago IL, US
Matthew R. Bagley - Green Bay WI, US

Assignee:

Textura Corporation - Lake Bluff IL

International Classification:

G06F 9/46
G06Q 40/00

US Classification:

705 38, 705 40, 705 9

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.

US Patent:

7877302, Jan 25, 2011

Filed:

Sep 14, 2007

Appl. No.:

11/901196

Inventors:

Patrick J. Allin - Lake Bluff IL, US
William H. Eichhorn - Hinsdale IL, US
Howard L. Niden - Chicago IL, US
Charles C. Cherry - Glenview IL, US
Michael Trisko - Oak Park IL, US

Assignee:

Textura Corporation - Lake Bluff IL

International Classification:

G06F 17/50
A01K 5/02

US Classification:

705 29, 705 1

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. Another method embodying the invention can include electronically receiving a lien waiver from a participant in a construction project, electronically transmitting payment to the participant in response to receipt of the lien waiver, and releasing the lien waiver in response to the payment.

US Patent:

7877321, Jan 25, 2011

Filed:

Feb 21, 2006

Appl. No.:

11/358918

Inventors:

Patrick J. Allin - Lake Bluff IL, US
William H. Eichhorn - Hinsdale IL, US
Charles C. Cherry - Glenview IL, US

Assignee:

Textura Corporation - Lake Bluff IL

International Classification:

G06Q 40/00

US Classification:

705 38, 705 35, 705 9

Abstract:

A system and method for managing a construction payment process. One method embodying the invention can include evaluating financial risk associated with a construction project by electronically aggregating construction project data associated with participants in a construction project, the data aggregated from a software application that manages payment workflows for the construction project; establishing financial metrics based on the project data; and evaluating at least one of either the metrics or the project data to determine financial risk associated with the project.

US Patent:

7882004, Feb 1, 2011

Filed:

Jun 8, 2010

Appl. No.:

12/796120

Inventors:

Patrick J. Allin - Lake Bluff IL, US
Charles C. Cherry - Glenview IL, US
William H. Eichhorn - Hinsdale IL, US
Howard L. Niden - Chicago IL, US
Matthew R. Bagley - Green Bay WI, US

Assignee:

Textura Corporation - Lake Bluff IL

International Classification:

G06Q 40/00

US Classification:

705 35, 705 40

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.