CHICAGO, April 24, 2014 /PRNewswire/ -- Textura® Corporation (NYSE: TXTR), the leading provider of collaboration solutions for the construction industry, announced that since 2007, The University of Iowa has used Submittal Exchange®, a collaborative online system for exchanging, reviewing and archiving construction communications, to help improve project communication and collaboration on over 90 construction projects, with an estimated value of $1.7 billion.
"Keeping all the deliverables in one place has increased efficiency for all team members so the focus can be on finishing the project within the quality and schedule requirements," said Brian Keating, Senior Construction Manager, The University of Iowa. "This eliminates the worry that a deliverable was overlooked and could become an unforeseen restraint. Submittal Exchange helps to ensure that from submission of shop drawings to the submittal review, the right equipment and products are installed per design."
Submittal Exchange helps colleges and universities ensure their construction projects stay on budget and on schedule by streamlining communication and automating the approval process. Submittal Exchange connects the entire project team, including architects, engineers and contractors in a secure, online system, providing increased transparency, consistency and accountability, resulting in fewer delays and lower project costs.
With Submittal Exchange, The University of Iowa managed over 4,100 total project team members and over 62,2000 submittals, RFIs and other construction communications. The design and construction team completes project communications 50-74% more efficiently with Submittal Exchange in comparison to using a traditional paper process and on average save 6-20 hours per week on project communications. (Source: TechValidate: TVID: D17-246-F24)
"The University of Iowa's success with Submittal Exchange is a good example of what educational institutions can achieve with our solutions," said Patrick Allin, Chairman and Chief Executive Officer, Textura Corporation. "With Submittal Exchange, colleges and universities are able to transparently share information with the whole project team, increasing collaboration and improving project delivery which supports successful, timely and cost effective project completion."
About The University of Iowa
With just over 30,000 students, the University of Iowa is one of the nation's top public research universities and the smallest public institution in the Big Ten. Iowa is known around the world for its balanced commitment to the arts, sciences, and humanities. It's home to one of the nation's largest academic medical centers, the pioneering Iowa Writers' Workshop, and hundreds of options for affordable, accessible education. For more information, please visit www.uiowa.edu.
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