Patent 2005232283

System and method of home construction risk management

Abstract

(12) STANDARD PATENT APPLICATION (11) Application No. AU 2005232283 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: 2005232283 (22) Date of Filing: 2005.11.10 (43) Publication Date: 2006.09.21 (43) Publication Journal Date: 2006.09.21 (62) Divisional of: 2005201014 (71) Applicant(s) Australian Building Services Home Owners Warranty Pty Ltd (72) Inventor(s) Sim, Philip Randall (74) Agent Attorney Spruson Ferguson, Level 35 St Martins Tower 31 Market Street, Sydney, NSW, 2000 0 SYSTEM AND METHOD OF HOME CONSTRUCTION RISK MANAGEMENT O Z 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 00 structure. A central administrator upon approval of the terms of construction, n provides the builder (22) with warranty insurance and assures the home owner (21) that In 0 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 0o ensure the structure is completed according to the terms of construction, for the benefit of the home owner (21). [1:\!gyc\7 10968]71 0968_spe i_11na].doc:GYC

Information

Australian application number
2005232283
Country
AU
Status
Lapsed
Type
Standard
Applicant
Australian Building Services Home Owners Warranty Pty Ltd, PTY LTD (AU)
Application year
2005

International Patent Classification (IPC) codes

Links

ID Relationship
2005201014 Divisional parent