Tutor Perini Corporation to Implement Textura Prequalification Management Companywide Rollout across the Tutor Perini organization will enhance the subcontractor prequalification experience and enable a standardized process in support of the contractor default insurance program.
SYLMAR, Calif., Jan. 22, 2013 /PRNewswire/ -- Tutor Perini Corporation, a leading civil and building construction company, has begun a companywide adoption of Textura Corporation's Prequalification Management (Textura–PQM) system. Tutor Perini is utilizing Textura—PQM to collect all prequalification data and attachments. A standardized prequalification form and process will facilitate subcontractor prequalification and deliver significant efficiencies and improved risk management.
Bill Sparks, Tutor Perini's Executive Vice President, Treasurer and Corporate Secretary said, "In today's marketplace and as a requirement of our insurance program there is an increased emphasis on the selection and management of our subcontracting process. We have established uniform corporate guidelines for the administration of this program. We selected Textura's Prequalification Management system to be the backbone of our subcontractor prequalification process. PQM will allow us to maintain an on-going qualified status with our thousands of subcontractors in markets across the United States."
Textura's flexible PQM tool will create a shared process for all business units while still allowing local offices to customize requirements to unique conditions in local markets. The business units will continue to make all subcontractor selection decisions – but PQM will allow them to spend more time reviewing qualifications and less time gathering data.
"We are extremely pleased to add Tutor Perini Corporation to our fast-growing PQM client base," said Patrick Allin, Chairman and CEO of Textura Corporation. "They are a top 10 GC with operations and a strong reputation throughout the US and around the world. The rigorous selection process they went through to pick PQM ensures a good fit with their prequalification program. Tutor Perini will benefit from an automated, robust prequalification process. Our clients are using PQM to help them achieve more effective prequalification programs."
Tutor Perini selected Textura—PQM after a detailed analysis of the available prequalification solutions on the market, including existing bid management systems and ERP packages which have a prequalification module.
Roger Donley, Tutor Perini's Corporate Director Risk Management stated, "Tutor Perini's requirements for a prequalification system were fairly simple; 1) Minimize labor and resource requirements within the business units; 2) Create a consistent process and workflow that can be utilized by all business units; and 3) The product should be an on-line service that allows for secured and centralized access to data by all involved. Textura was the only solution that could meet all three requirements."
Textura—PQM will provide for easier, more efficient data collection and improved access to subcontractor prequalification information across the Tutor Perini organization.
Michael Mayberry, Tutor Perini's Corporate Subguard Manager added, "The Textura process allows our subcontractors to submit their prequalification data to any business unit. Once prequalification status is achieved, those subcontractors are approved for use by all Tutor Perini business units.
David Kelly, Textura's VP Client Services affirmed, "Subcontractors need only enter their prequalification data and attachments one time. Once their data is entered subcontractors can use the PQM system to generate all the necessary prequalification documents required by any GC, whether the GC is on Textura—PQM or not."
Textura—PQM helps mitigate risk by providing a collaborative solution that facilitates electronic submission, review, and updating of all prequalification documents.
About Tutor Perini Corporation
Tutor Perini Corporation is a leading civil and building construction company offering diversified general contracting and design-build services to private clients and public agencies throughout the world. Tutor Perini has provided construction services since 1894 and has established a strong reputation within its markets by executing large complex projects on time and within budget while adhering to strict quality control measures.
Founded in 2004, Textura has developed the only robust collaborative industry solutions for construction payment management, Textura—CPM, and for pre-qualification management, Textura—PQM.
Textura—CPM electronically integrates all construction payment management process components – billing, lien waiver collection, statutory declaration collection, sub-tier waivers, compliance management, and payments – into one seamless work flow. CPM helps contractors and others involved in construction projects realize significant efficiency benefits from automation and streamlining; and, risk reduction from improved control and visibility.
Textura—PQM automates the entire pre-qualification process for everyone by facilitating the electronic submission, review, approval and updating of all pre-qualification documents. PQM's online data management system speeds the pre-qualification process by allowing subcontractors to enter their information one-time into a database which can then produce tailored pre-qualification forms that provide specific information required by individual general contractors. PQM provides contractors with dramatic efficiency benefits and a foundation for better information and decision-making. PQM supports MWBE programs. Please visit our website at www.texturacorp.com.
SOURCE Textura Corporation