CHICAGO, May 7, 2015 /CNW/ -- Textura Corporation (NYSE: TXTR), a leading provider of collaboration solutions for the construction industry, announced that Martines Palmeiro Construction, a full-service general contractor and construction manager based in Denver, has selected Textura—CPM™ to improve the company's payment processes and help support its rapid growth in recent years.
Martines Palmeiro Construction, which specializes in multifamily, hospitality and commercial projects, has experienced 185% revenue growth over the past three years. Despite that significant increase in its business, the general contractor has not needed to add staff, as CPM™ has made its invoicing and payment processes much more efficient.
"Before we started using CPM, we were managing the payment process manually," said Tony Lajimodiere, Vice President of Finance, Martines Palmeiro Construction. "That approach was too slow and relied too much on paper. As we have grown over the last few years, a challenge has been to accommodate that growth without adding to overhead. By streamlining and automating our processes, CPM has helped us do exactly that - by making payment management much easier and more efficient," Lajimodiere said.
A web-based Software-as-a-Service (SaaS), Textura-CPM electronically integrates all construction payment management processes - including billing, lien waiver collection, progress claims, statutory declarations, sub-tier waivers and compliance management - into a seamless workflow. MPC can use the online solution to initiate monthly draws, review compliance documents, collect signed lien waivers and make payments, all electronically.
Another factor in MPC's decision was the widespread adoption of Textura-CPM across Colorado. "Most of our subcontractors were already using Textura-CPM," said Lajimodiere. "We saw what the solution could do in terms of increasing communication and visibility with our subcontractors and how much more efficient it made collecting lien waivers and other compliance documents." More than 3,000 subcontractors and numerous general contractors in Colorado use Textura-CPM.
"The growth that Martines Palmeiro Construction has achieved over the last few years is remarkable," said David Kelly, Executive Vice President of Client Services for Textura Corporation. "Companies in the same position can use CPM and our other solutions to manage such growth without the need to increase resources, which has a genuine impact on the bottom line. We look forward to helping Martines Palmeiro Construction achieve new levels of growth and success," Kelly said.
About Martines Palmeiro Construction
Martines Palmeiro Construction, LLC (MPC) is a full service General Construction and Construction Management firm established in 2008. We offer three main services to our clients: General Construction, Construction Management, and Build-to-Suit. No matter what the approach we always act as a partner with our clients to provide a cost effective streamlined project delivery solution. We understand that our success is contingent upon the success of the project and our clients. We are adept at providing multiple construction delivery approaches, including Design Build and Design Assist. As a General Contractor we can provide the most value to our clients with an early involvement project delivery approach. With over 35 years in construction the principals at MPC are highly skilled in both the Preconstruction and Construction phases of any multifamily, hospitality, or commercial project. Our roots and experience in Developer/Builder firms provides the perfect partner who understands that the Pro Forma drives every aspect of the deal. For more information, please visit www.mpconstruct.com
Textura is a 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
SOURCE Textura Corporation