The Boldt Company Announces Adoption of Textura Pre-Qualification Management System
Project management team members utilize Textura—PQM to collaboratively review real-time subcontractor prequalification status and risk assessment ratings.
APPLETON, Wis., Sept. 12, 2012 /PRNewswire/ -- The Boldt Company, a national contractor specializing in a wide range of professional construction services, announced their introduction of the Textura Pre-Qualification Management (PQM) system to the subcontractor community in early 2012.
Richard DeVries, Director of Enterprise Risk at The Boldt Company, said, "With the implementation of PQM, Boldt has significantly improved the effectiveness of its subcontractor default risk management program. We definitely have given our subcontractors greater control over access to their confidential prequalification data, and provided them with a more secure environment for their prequalification data storage."
Adopting Textura—PQM allowed Boldt to rapidly deploy a single, industry-standard prequalification system. Textura's PQM application allows project team members, regardless of their location, to access real-time prequalification risk scores and analysis notes for subcontractors, while limiting access to subcontractor confidential data to a few corporate risk analysts. PQM provides Boldt with a tool to maintain an ongoing dialogue with field operations team members about the prequalification status of the subcontractors with whom they want to do business.
Patrick Allin, Textura CEO, stated "From the beginning of Textura's relationship with The Boldt Company, it was evident that Boldt's business processes and prequalification standards were industry-leading. Textura—PQM provided Boldt with a platform that allowed the company to focus its energy and resources on strengthening those standards by eliminating the need to route paper-based material through the organization and manage a manual prequalification process centrally."
TK MacKay, Textura Manager of Client Services, elaborated, "We recognized the need to customize a process flow that allowed Boldt's corporate risk staff to centrally assess up-to-date financial, insurance, and other qualification information and quickly disseminate their analysis scores of that information across the organization. Now, operation team members have real-time access to the scoring information they need, nationwide, while limiting access to the confidential data to a few senior corporate risk team analysts."
Boldt is among the largest professional construction services firms in the nation. From the original storefront carpentry shop opened by Martin Boldt in 1889, they have grown into a national organization, offering world-class construction services, including Integrated Lean Project Delivery®, construction management, general construction, design/build, real estate development, consulting and technical services. Yet, to this day, they remain owned and operated by the Boldt family.
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 and pre-qualification to bid management, submittals and payment – 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.
SOURCE Textura Corporation
More by this Source
Streetlights Residential Uses Textura-CPM to Standardize Construction Payment Management
Dec 05, 2013, 16:01 ET
LATISTA™ Brings BIM to the iPad for Optimum Project Collaboration
Dec 03, 2013, 07:30 ET
Textura Announces Completion of LATISTA Acquisition
Dec 02, 2013, 17:37 ET
Browse our custom packages or build your own to meet your unique communications needs.
Learn about PR Newswire services
Request more information about PR Newswire products and services or call us at (888) 776-0942.