How much does it cost to use Textura?
According to subcontractor documents from RD Olson, a general contractor based in California, Textura charges subcontractors 0.22% (22 basis points) of contract value, with a maximum fee of $3,750. Sub-subcontractors and suppliers also charged a fixed fee of $100 per sub or supplier contract.
What is Textura construction?
Oracle Textura Payment Management (TPM) is an Internet-based construction invoicing and payment solution. With the TPM system, subcontractors can electronically sign and submit their pay applications— including invoices, sworn statements, and conditional and/or unconditional lien waivers.
What is Textura payment management?
Oracle Textura Payment Management increases efficiency and control in construction payment management through a collaborative subcontractor invoicing and payment software system. The cloud solution streamlines and automates processes to accelerate payment, mitigate risk, and improve cash flow.