What is Textura payment management?
Oracle Textura Payment Management (TPM) is an Internet-based construction invoicing and payment solution. ... Payments are made electronically via ACH (Automated Clearing House) resulting in faster access to your funds. In addition, TPM facilitates submission and tracking of compliance documents and sub-tier lien waivers.
What is Textura construction?
Textura is a provider of collaboration and productivity tools for the construction industry, with solutions that serve all construction industry professionals across the project lifecycle – from takeoff, estimating, design and prequalification to bid management, submittals, LEED management and payment – on a single, ...
How do I create a Textura account?
Users receive an email to set up an account on the Oracle Textura Payment Management (TPM) system. Follow the links contained in the system-generated email invitation to create an account. Note: A Textura representative or a General Contractor invites a Subcontractor to use the system.
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.