The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Aug. 13, 2013
Filed:
Sep. 30, 2003
Sherwood Creedle, South Hill, VA (US);
Michael W. Petersen, Richmond, VA (US);
Tom Obermeyer, Richmond, VA (US);
Eric Kukanic, Richmond, VA (US);
Sherwood Creedle, South Hill, VA (US);
Michael W. Petersen, Richmond, VA (US);
Tom Obermeyer, Richmond, VA (US);
Eric Kukanic, Richmond, VA (US);
Hart Business Solutions, L.L.C., South Hill, VA (US);
Abstract
A computer-based method for administering performance of a contract uses a server accessible by multiple performing parties through a data network, such as the Internet. The method includes receiving performance data at the server from at least one of the performing parties through the data network. The performance data indicates an amount of work performed under the contract by the performing party, and may further include an amount of materials stored. A payment amount is determined based on the performance data. A schedule of values associated with performance of the contract may be initially stored, so that determining the payment amount is further based on comparing the performance data with the schedule of values. The payment amount is sent from the server to other performing parties through the data network. The other performing parties may be notified by an email indicating, for example, that the payment amount has been approved.