CHICAGO, June 1, 2016 — (PRNewswire) — Textura Corporation (NYSE: TXTR), a leading provider of collaboration solutions for the construction industry, announced that leading construction management firm Consigli Construction Co., Inc. is using Textura's Construction Payment Management™ (CPM®) solution to optimize invoicing and payment processes, enabling the builder to scale its operations as it continues to grow.
Headquartered in Milford, Mass., with offices across the Northeast and Mid-Atlantic, Consigli maintains a diverse portfolio of projects across a wide range of sectors, including landmark restoration, academics, life sciences, residential, government and health care. The company ranks No. 79 on Engineering News-Record's 2016 ENR 400 list of the largest general contractors, based on 2015 revenue of $914.7 million.
Consigli, which has been recognized for innovative services and advanced technology, implemented CPM late last year and plans to use Textura's solution on all new projects.
"Using CPM has allowed us to streamline and automate our payment management processes, greatly improving productivity and freeing up our accounting staff to focus on value-added tasks," said John Tessicini, controller at Consigli. "Our organization is growing substantially, and the efficiencies and process improvements from CPM enable us to scale our business without increasing staff."
A web-based Software-as-a-Service (SaaS) solution, Textura-CPM integrates key construction payment management processes - including billing, lien waiver collection, progress claims, statutory declarations, sub-tier waivers, compliance management and payments - into a seamless, online workflow that facilitates collaboration across project participants. By automating and standardizing document generation, routing and approval, CPM improves accuracy, enhances transparency and helps mitigate risk.
"Consigli is focused on innovation and leveraging technology to deliver superior project outcomes to its clients, and we're excited to be a partner in those efforts," said Mike Antis, Executive Vice President of Client Services for Textura. "As Consigli's experience demonstrates, Textura-CPM can deliver powerful efficiencies and productivity benefits that enable builders to successfully scale their businesses amid growth," he said.
About Consigli Construction Co., Inc.
Consigli Construction Co., Inc. is a leading construction manager and general contractor with offices in Boston and Milford, Mass.; Washington, D.C.; Portland, Maine and Hartford, Conn., serving clients throughout the Northeast and Mid-Atlantic regions. A fourth-generation family-owned business, Consigli is recognized by the Boston Business Journal as the second-largest construction company in Massachusetts and by Engineering News-Record as one of the 100 largest in the country, and has received numerous awards and recognition for its work and employment practices.
Textura is a leading provider of collaboration and productivity tools for the construction industry. Our solutions serve construction industry professionals across the project lifecycle – from takeoff, estimating, design, pre-qualification and bid management to submittals, field management, LEED management, performance management and payment. With award-winning technology, world-class customer support and consistent growth, Textura is leading the construction industry's technology transformation. www.texturacorp.com
Annie Leschin, StreetSmart IR
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SOURCE Textura Corporation