CHICAGO, April 8, 2015 /CNW/ -- Textura® Corporation (NYSE: TXTR), the leading provider of collaboration solutions for the construction industry, announced that Nevada general contractor Burke Construction Group, Inc. has selected Textura's Construction Payment Management® (CPM®) solution to improve the company's payment management processes and to better manage related risks.
"Our main areas of concern were compliance tracking, lien waiver collection, and paying our subcontractors as quickly as possible. Our previous solutions didn't adequately address those concerns," said Bob Gittings, CFO, Burke Construction Group. He noted that the general contractor learned of CPM from a client that uses the Textura solution across the United States.
"By automating the entire invoicing and payment process, Textura-CPM has greatly improved our compliance document management and enables us to collect lien waivers more efficiently. Overall, we have much better control and visibility with regard to the billing process, which helps mitigate risk for us and for our clients," Gittings said. "Project managers and project administrators can log in remotely and see the status of the project. CPM gives us access to real-time information that we never had before," he said. "In addition, as soon as our subcontractors submit their completed documents via CPM, we can pay them electronically, cutting days off of the traditional check mailing process."
A web-based, Software-as-a-Service (SaaS), CPM electronically integrates all construction payment management processes - including billing, lien waiver collection, progress claims, statutory declarations, sub-tier waivers, compliance management and payments - into a seamless workflow. Burke Construction Group can use CPM to initiate the monthly draw, review AIA 702/703s or custom documents and collect completed and signed lien waiver releases, all online.
Burke Construction Group specializes in upscale retail facilities, senior and assisted living housing, schools, warehouses, restaurants, casinos, religious facilities, remote worker camps, medical buildings and office complexes. Founded in Las Vegas in 1984, the general contractor now has regional offices in Washington and North Dakota and is licensed in 25 states. Burke Construction Group is a multiple recipient of the NAIOP General Contracting Firm of the Year Award and the AGC Contractor of the Year Award.
"Burke Construction Group joins our growing roster of major general contractors who have turned to CPM to help lower risk," said Patrick Allin, Chairman and Chief Executive Officer, Textura Corporation. "Our collaboration solutions give general contractors such as Burke Construction Group more control over the invoicing process, increase visibility and improve compliance management. By limiting risk and boosting productivity, we are helping position companies like Burke Construction Group for further success."
Burke Construction Group began in 1984 with the primary goal of building a general contracting firm that would truly exceed client expectations. Today, Burke is recognized as one of the nation's premier general contractors. Burke Construction Group is an award winning general contracting firm headquartered in Las Vegas, Nevada, with regional offices located in Washington and North Dakota. Now licensed in 25 states, Burke is uniquely positioned to meet the demands of a geographically diverse marketplace. For more information, please visit www.burkecgi.com
Textura is the leading provider of collaboration and productivity tools for the construction industry. Our solutions serve all construction industry professionals across the project lifecycle – from takeoff, estimating, design, pre-qualification and bid management to submittals, field management, LEED® management and payment.
The Textura® collaboration platform and online product suite represent the first time the industry has all the tools needed to manage their business in an integrated fashion to save time and money and reduce exposure to risks. With award-winning technology, world-class customer support and consistent growth, Textura is leading the construction industry's technology transformation. www.texturacorp.com
Textura Corporation, CPM Marketing
SOURCE Textura Corporation