Pay Request System – Resource and Allocation

A contract and funding management process enabled by a computer processor, the process comprising:

• a) storing, with a computer processor, information required to manage funding and payment for one or more of a contract and a subcontract;
• b) facilitating, with a computer processor, a process for requesting funds from a plurality of donor sources, receiving funds from at least a subset of said plurality of donor sources, and compiling said funds into a funded amount;
• c) managing said funded amount, with a computer processor, comprising i) application of at least one of a plurality of allocation factors, ii) application of at least one basis for disbursing a payment from the funded amount, and iii) computing a balance in said fund account;
• d) receiving a request for payment for work completed and a waiver of at least some rights related to the work completed;
• and
• e) withdrawing from the funded amount an amount substantially equal to the request for payment, transferring the substantially equal amount in accordance with the request for payment, and transferring said waiver in accordance with said request for payment.