CHICAGO, Sept. 12, 2013 /PRNewswire/ -- Textura Corporation (NYSE: TXTR), the leading provider of collaboration solutions for the construction industry, announced today that Nibbi Brothers General Contractors, a contractor with a 63-year history in the San Francisco Bay Area, has chosen Textura—CPM to improve their construction management payment process and Textura—PQM to more efficiently qualify subcontractors.
"The main reason for adopting Textura was to streamline our payment and prequalification process," said Rick Fedick, CFO, Nibbi Brothers General Contractors. "The goal was to eliminate performing tasks manually and ensure subcontractor prequalification compliance. Additionally, this system automates our payments to our subcontractors and gives us more control over the process."
Textura—CPM integrates all construction payment managed process components into a seamless workflow that reduces risk, improves control and enhances visibility. CPM provides users with automated lien waiver tracking, replacing the stacks of paper and lien waiver notices with electronic documents that can be managed with a few simple clicks.Textura—PQM is powered by a sophisticated workflow that allows users to issue invitations, send submissions and review all related info online. Subcontractor information is protected through role-based security, and since PQM provides electronic tracking of expiration dates, Nibbi Brothers General Contractors can ensure compliance with all of their subcontractors. "Nibbi Brothers General Contractors will experience the full set of benefits that our CPM and PQM solutions provide," said Patrick Allin, Chairman and Chief Executive Officer, Textura Corporation. "By using both solutions, they will be able to improve productivity, enhance efficiency and lower risk." About Nibbi Brothers General Contractors Nibbi Brothers is a builder of technically complex urban projects whose singular objective is getting the job done right. It's a philosophy that guides every action on every Nibbi project. By relentlessly focusing on the right goals, the right people and the right approach, we help our clients find the best solutions to their project needs. For more information, please visit www.nibbi.com About Textura 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 and pre-qualification to bid management, submittals 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 Contact: Textura Corporation 866-839-8872 email@example.com SOURCE Textura Corporation
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV