Hi Galileo,
See the following for Lookout side of things:
http://exchange.ni.com/servlet/ProcessRequest?RHIVEID=101&RPAGEID=135&HOID=506500000008000000DBE90000&USEARCHCONTEXT_CATEGORY_0=_9_&USEARCHCONTEXT_CATEGORY_S=0&UCATEGORY_0=_9_&UCATEGORY_S=0
As for FieldPoint, you can talk to it from Lookout in couple of ways -- either directly using the native FieldPoint object, or via OPC using the OPCFieldPoint object.
Based on the timers from above, you would turn On/Off the relays (on the RLY-420 module of your FieldPoint).
That's in a nutshell. Write back if you have specific questions.
Good luck!
Khalid