Tag: Textura
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Textura Stock: Why Recent Attacks by Short-Sellers Matter to Subcontractors, Not Just Shareholders
Textura Corporation (NYSE: TXTR) enjoyed a very successful IPO in 2013, with share prices eventually climbing to three times the IPO price of $15 (trading at $29.50 currently). Short-seller Citron Research, however, has strongly claimed that Textura’s stock price, and the support it enjoys from investment banks, is based on fraud and investors’ misunderstanding of…
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Introduction to Textura’s CPM for Subcontractors
If I learned only one thing from researching Textura and its Construction Payment Manager (CPM), it’s that easily digestible information about the product is hard to find. It is near impossible to find information from Textura that specifically explains to subcontractors how they might use the CPM, the tangible benefits of doing so, or the associated…
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Are Textura’s Lien Waivers Worth the Paper They Are Not Printed On?
Lien waivers are one of the most common documents associated with construction projects. Their ubiquitous nature, and the need to exchange numerous documents quickly and efficiently many times per project, can lead to the potentially significant consequences associated with lien waivers being overlooked, and waivers being rubber-stamped in the rush to get paid. This need for GCs to…
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CFM Review: Construction Software Buyer’s Guide
Every Friday, we select a few articles from the week that we think are worth your time as a construction financial manager (CFM). We look for compelling articles not only about financial topics, but about business, technology, and life, that challenges you to think about your role as a CFM in different ways. We’d love…
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Textura’s CPM and Its Terms: Who’s Really Protected?
Textura’s flagship Construction Payment Management system (“CPM”) is purported to be a neutral platform for the streamlined exchange of construction documents and information. While the CPM terms note that CPM is not an agent for any specific party, and that it is flexible in allowing different parameters to be set by the party with ultimate…