Equiset Adopts Textura Construction Payment Management

MELBOURNE, Australia, Oct. 9, 2013 /PRNewswire/ -- Textura Australasia, a joint venture between Textura Corporation (NYSE: TXTR) and Minter Ellison Lawyers, the leading provider of collaboration solutions for the construction industry, announced that Equiset, a premier builder and developer known for efficient construction methods and superior project management, has adopted Textura–CPM  to help improve efficiency, reduce risk and standardise processes across the organisation.

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"Textura helps us differentiate our services with more efficient internal processes and more transparency to our subcontractors," said Roy Veal, Commercial Manager, Equiset.  "Textura automates many tasks that were previously manual and paper based. We no longer need to recreate each subcontractor claim to properly evaluate overbilling and unapproved variations. With Textura's automation, our Contract Administrators and Project Managers can spend more time assessing the work onsite and less time on paperwork."

"Textura–CPM also provides our subcontractors with transparency to their claim and compliance status and makes it easier for them to submit their progress claim each month," stated Veal.  "Sharing this information will help enhance the strong relationships we have with our subcontractors."

As a web-based solution, Textura–CPM brings efficiency to the claims assessment process and to compliance management, including automated document expiration and payment holds. CPM reduces administrative paperwork and makes it easier for project participants in the field to access real-time information, enhancing collaboration between all project stakeholders.

Equiset is a family-owned, integrated property development, project management and construction company offering a single point of contact for project creation, planning, design, construction, management and finance.

"Equiset is an early adopter of technology solutions in the Australian industry and we are very excited to have them select our solution to help reduce risk and enhance efficiency," said Deborah Coram, Chief Executive Officer, Textura Australasia. "We look forward to seeing their success using our software and helping spread the word about Textura in Australia."

About Equiset
Equiset is a family owned integrated property development, project management and construction company which was established in 1998 and which began with Luigi Grollo in 1948. Equiset's focus is in the creation and delivery of buildings which are unique in nature and which combine exceptional physical environments with innovation in design and construction. Equiset's core strength provides commitment in the "Certainty of Delivery" within strict cost, time and quality project objectives. Visit www.equiset.com.au for more information.

About Textura Australasia Pty Ltd
Textura Australasia is a joint venture between Minter Ellison Lawyers and Textura Corporation (NYSE: TXTR) (www.texturacorp.com) and brings the only robust, collaborative industry solution for construction payment management to the Australasia market – Textura^® CPM.

CPM integrates all construction payment management process components – payment claims, statutory declaration collection, payment schedules, tax invoices, compliance management, payments – into one seamless work flow. CPM helps developers, builders, subcontractors and others involved in construction projects realize significant efficiency benefits from automation and streamlining, and risk mitigation benefits from improved control and visibility.

For more information, visit http://www.textura-australasia.com/

SOURCE Textura