CHICAGO, Nov. 5, 2012 /PRNewswire/ -- Textura Corporation, the leading provider of collaboration solutions for the construction industry, announced that Catamount Constructors, Inc., a national ENR Top 400 Contractor, adopted Textura—Construction Payment Management (CPM) to continue their strong commitment to green building practices and to automate their billing process. Catamount Constructors will use CPM to implement a paperless billing process by electronically collecting invoices and lien waivers, tracking compliance requirements and processing payments directly to the subcontractor's bank accounts.
Mike Plungis, Catamount Constructor's Chief Financial Officer, stated "At Catamount we strive to provide a superior service to our subcontractors while conducting business in a progressive, environmentally responsible manner. Textura—CPM allows us to be at the forefront of sustainable construction technology solutions. Not only can we automate the entire invoicing process, we are also able to pay our subcontractors directly, resulting in faster payment and lasting subcontractor relationships."
Textura Chairman and Chief Executive Officer, Patrick Allin, commented, "Catamount is an excellent addition to the Textura family. We share the same core values of maintaining superior client relationships and contributing to sustainable development. Catamount Constructors has been a pioneer in sustainable construction. With over an eighty percent repeat client ratio they have established themselves as one of the top contractors with whom clients like to work. We are very proud Catamount has decided to adopt our construction technology platform."
"CPM enables us to bring cutting-edge technology into our already forward thinking business model," stated Catamount Chief Executive Officer Geoff Wormer. "We look forward to realizing greener efficiencies as well as providing our subcontractors with a standard billing process and faster payments."
Catamount Constructors, Inc., an ENR Top 400 commercial general contractor with offices in Denver, Colorado, Atlanta and Savannah, Georgia, and San Antonio, Texas, provides contracting services to owners and developers nationwide. The company has experienced significant growth, averaging $171 million construction volume for five consecutive years and generating $1 billion in sales in its 15-year history.
Services include general contracting, construction management, sustainable construction, design-build, cost estimating, conceptual budgeting, scheduling and value engineering. Markets served include multi-family, retail, industrial, office, sustainable, energy, medical, interiors/renovation, automotive, hospitality, faith-based, financial and government.
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