CHICAGO, Jan. 9, 2014 /PRNewswire/ -- Textura® Corporation (NYSE: TXTR), the leading provider of collaboration solutions for the construction industry, announced that with mandates for use by the City and County of Denver and Denver International Airport, and over 3,000 Subcontractors and 35 General Contractors on system, Textura—CPM™ has become the standard for construction payment management throughout the state of Colorado.
One subcontractor that performs work all over Colorado and has experienced the benefits of Textura—CPM is Restoration Specialist, Inc. "We've been using Textura since 2009 when Adolfson and Peterson Construction asked their subcontractors to participate in a new way to submit monthly payment applications," said Beth Traut Bosio, President, Restoration Specialist, Inc. "After 89 contracts with over 7 different General Contractors, we are happy to report that the time we spend billing has decreased significantly, Pay Applications do not get lost and payments always match the amount agreed upon by us and the General Contractor."
Traut Bosio continued, "We are pleased to have so many of our General Contractor partners participating. We feel Textura—CPM is becoming the industry standard for quick billing and prompt payment to subcontractors." Restoration Specialist, Inc. specializes in waterproofing, caulking, architectural expansion joints, deck coatings, concrete and masonry repair and restoration for General Contractors and Owners.
Main factors in the wide-spread adoption of Textura—CPM in Colorado is that the solution simplifies on-line subcontractor invoicing, enables electronic submission and tracking of compliance status and eliminates rejections due to incorrect paperwork. ACH payments and electronic submission of lien waivers facilitate faster payment.
Another factor for adoption is the team of specialists that Textura dedicates to each client. Textura ensures that the unique needs of each client are met and offers ongoing support. "We got the system up and running very quickly with minimum disruption to our day-to-day operations," said Jaime Alvarez, President, Ammex Masonry, Inc., a subcontractor based in Commerce City. "We've found the solution very easy-to-use and it's made the entire payment process quicker and more efficient. The Textura team understood the results we wanted and made sure that our needs were met." Ammex Masonry works on commercial brick, stone, and CMU masonry buildings for public and private markets.
Black Bear Construction Services offers demolition and concrete cutting services and has increased efficiency and productivity with Textura—CPM. "By using Textura we've been able to decrease the amount of paperwork we need to fill out," said Robb Sterling, General Manager of Black Bear Construction Services. "Textura automates a lot of processes and places them online, so we can spend less time with paperwork and more time focusing on providing our core services."
"We're very proud that Textura—CPM has become the norm in the state of Colorado," said Patrick Allin, Chairman and Chief Executive Officer, Textura Corporation. "The adoption of our solution in that state is breathtaking, and we look forward to helping more organizations across the country enhance productivity and become more efficient with our collaboration solutions."
About Restoration Specialists Inc.
RSI specializes in waterproofing, caulking, architectural expansion joints, deck coatings, concrete and masonry repair, and restoration for general contractors and private owners. RSI prides itself on its full-time professional team of skilled craftsmen and Foremen who average over 11 years each of experience with RSI. RSI preforms work all over the state of Colorado with most of its work concentrated in the Front Range from Ft. Collins to Colorado Springs. In the past 5 years, RSI has completed over 40 projects ranging from $100,000.00 to $3,000,000.00 in value. Some notable projects are: The Four Seasons Hotel – Denver, Davita's World Headquarters – Denver, The Children's Hospital Expansion- Aurora, Colorado Mountain College – Steamboat, and Denver County Jail's East Housing Unit – Denver. For more information, please visit http://www.rsi-co.com.
About Ammex Masonry Inc.
Ammex Masonry, Inc. works on commercial brick, stone, and CMU masonry buildings for public and private markets. We concentrate on medium to large sized projects and provide high quality, individualized work, from estimating to punch list completion. Included with our services are budgetary numbers and value engineering suggestions to help close budget gaps.
The experts at Ammex Masonry, Inc. work closely with general contractors, owners and architects during every project. Our estimators, project managers and foremen rapidly produce results during all aspects of each project. Using cutting edge estimating software and time-tested construction methods as cornerstones, Ammex Masonry, Inc. builds quality structures at a reasonable price. For more information, please visit www.ammexm.com.
About Black Bear Construction Services
Black Bear Construction Services, Inc. is a family owned and operated business that has been providing demolition services in the Denver Metro area for 18 years. Black Bear Construction Services, Inc. offers general contractors and customers straightforward pricing and effective communication throughout the entire project.
Our Primary goal is to provide prompt, high quality service with unmatched attention to detail at the most competitive price. For more information, please visit www.blackbearcsi.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 takeoff, estimating, design, pre-qualification and bid management to submittals, field management, LEED® management and payment.
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