Corporate Performance Management

Corporate Performance Management

April 30, 2012

R.C. Stevens Implements Textura CPM Solution

R.C. Stevens Construction Company, a designing/building pioneer in Florida, recently implemented a Construction Payment Management (CPM) solution from Textura, a prominent source of collaboration and productivity tools for the construction industry.

Officials from R.C. Stevens said that Textura CPM is being implemented in all the major construction processes. The solution eliminates the inefficiencies of the construction payment management process, and replaces mounds of paper invoices and lien waivers with electronic documents.

Each participant involved in the payment process, including Owners, General Contractors and Subcontractors, are connected to the Internet. The solution has the right mechanism that allows R.C. Stevens to apply their trademarked Right Track project management process.

"Florida's Notice to Owner (NTO) laws can make reviewing and tracking the status of sub tiers and suppliers complex. Textura’s CPM allows for easy communication between sub tiers, subcontractors and our clients," said Tim Keating, R.C. Stevens President and past National Board Member of Associated Builders and Contractors (ABC), a national association of merit contractors. “We were able to bring all of our projects on to the system within our first year of use. Allowing our subcontractors to easily and securely submit invoices, lien waivers and compliance documents electronically reinforces our commitment to a paperless workplace.”

R.C. Stevens provide great benefits for contractors, subcontractors and owners alike. The solution improves cash flow and risk mitigation for contractors and subcontractors. For owners, the solution reduces legal and financial risk, improves process control and facilitates Sarbanes-Oxley.

"R.C. Stevens has a rich history spanning eight decades in the Florida construction community,” said Patrick Allin, Textura Chairman and CEO. “Their commitment to excellence runs through their entire organization. We are proud CPM has proven effective for their Design Build, General Contracting, and Construction Management projects, allowing for close tracking of costs, change orders and project progress. As a result, R.C. Stevens is able to lower risk and improve efficiency for all project participants."

Edited by Braden Becker

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