Arita/Poulson General Contracting Uses Textura-Construction Payment Management to Pay Subcontractors and Sub-Tier Suppliers
Direct electronic payment improves relationships.
CHICAGO, Aug. 16, 2012 /PRNewswire/ -- Textura Corporation, the leading provider of collaboration solutions for the construction industry, announced that Arita/Poulson, a leader in the Hawaii construction market, has effectively used Textura—Construction Payment Management (CPM) for five years.
John Evarts , Arita/Poulson Project Engineer, stated, "The Construction Payment Management solution Textura provides has been an integral part of our business for the past five plus years. Not only has it improved our efficiency in communicating and paying our prime subcontractors, but it has provided an efficient solution to pay material suppliers and second tier subcontractors directly if the need arises. Subcontractors and suppliers receive payment faster when paid electronically via the Textura—CPM system and owners achieve peace-of-mind knowing the funds provided are reaching the organizations that are completing the work in an efficient manner."
Evarts continued, "This in turn has created a more transparent atmosphere between the General Contractor, Subcontractors and Sub-tier Vendors. This transparency is vital to the ethical performance and administration of any project, as all entities are now made accountable to each other and bound by the shared execution of the invoicing and disbursement system. Moreover, the collection and storage of all required documentation into a centralized filing system standardizes and streamlines the project memorialization process, thereby helping to eliminate any potential liability issues."
Patrick Allin , Textura Chairman and CEO, stated, "Arita/Poulson's forward thinking has created an environment where owners and subcontractors want to partner with them. It's not surprising to see a company like Arita/Poulson be an early adopter and rapidly implement a technology like CPM; they readily saw the benefits for themselves and their partners. CPM puts material suppliers and sub-tier subcontractors in direct communication with their prime subcontractor and ensures the general contractor is well aware of their involvement and financial responsibility on the project."
Evarts concluded, "For five years we have watched as Textura's market penetration in Hawaii has steadily grown and have recently seen it rapidly accelerating. Subcontractors and material suppliers see the value CPM provides and are requesting to be paid electronically. The market acceptance of CPM validates our decision to lead the market in its use."
Created by a partnership between Daryl Arita and Robert Poulson in 1986 Arita/Poulson General Contracting provides general contracting, construction management and design build services throughout the state of Hawaii on all islands. Arita/Poulson believes the keys to success are a healthy relationship with our clients and reliable communication within the company. Many of our employees have been with the company for ten years or more.
Arita/Poulson has always stressed pride in workmanship. There is a long history of testimony from satisfied business relations attesting to excellence of work. Company specialties are wide and flexible and include concrete and masonry, structural steel, general carpentry, millwork, cabinetry and fine finish carpentry, painting, and wall papering.
In addition to general contracting, construction management and design build services are important consulting tools that are offered to project teams and our clients. www.aritapoulson.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 design, pre-qualification and bid management to submittals, invoicing and LEED® management – on a single, integrated platform.
Textura's 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
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