Patent 2005201014

System and method of home construction risk management

Abstract

(12) STANDARD PATENT APPLICATION (11) Application No. AU 2005201014 Al (19) AUSTRALIAN PATENT OFFICE (54) Title System and method of home construction risk management (51) International Patent Classification(s) G06Q 90/00 (2006.01) (21) Application No: 2005201014 (22) Date of Filing: 2005.03.07 (43) Publication Date: 2006.09.21 (43) Publication Journal Date: 2006.09.21 (71) Applicant(s) Australian Building Services NSW Pty Ltd (72) Inventor(s) Sim, Philip Randall (74) Agent Attorney Spruson Ferguson, Level 35 St Martins Tower 31 Market Street, Sydney, NSW, 2000 SYSTEM AND METHOD OF HOME CONSTRUCTION RISK MANAGEMENT ABSTRACT A system (20) and method are disclosed for management of risk of construction of a structure. A home owner (21) and builder (22) settle on terms of construction of a structure. A central administrator upon approval of the terms of construction, provides the builder (22) with warranty insurance and assures the home owner (21) that the structure will be completed according to the terms of construction. If a builder cannot complete the construction, the central administration (25) utilizes an established fund to ensure the structure is completed according to the terms of construction, for the benefit of the home owner (21). I:\gyc\Australian Building Services\710968 specidoc Fig. 2

Information

Australian application number
2005201014
Country
AU
Status
Lapsed
Type
Standard
Applicant
Australian Building Services NSW Pty Ltd, PTY LTD (AU)
Application year
2005

International Patent Classification (IPC) codes

Links

ID Relationship
2005232283 Divisional child