Tag: Textura
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Is Textura’s Early Payment Program a Benefit? Or Only Smoke and Mirrors?
Waiting for slow payments is a well known thorn in the side of subcontractors. It’s the associated difficulties presented by slow payment, however, that take this waiting from an annoyance to a significant problem. Subcontractors often required to float project costs, and waiting for payment from the GC can stress working capital and cause severe…
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Textura: A Friend or Foe To Subcontractors?
Subcontractors appear to have a tenuous relationship with Textura’s Construction Payment Management (CPM) platform. In 2012, for example, American Subcontractor Association members were “grip[ing]” about the product, which general contractors were forcing them to use and pay for. The gripes were so prolific they warranted ASA President Walter Bazan Jr. to write a letter to…
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Is Textura’s Business Model At A Dead End?
On Monday, Textura Corp. (TXTR) reported that its largest shareholder, Northwater Capital, was “changing its role from providing venture support to one of activist,” because the investors believed that the company needed to pursue strategic alternatives. According to the letter from Northwater Capital, “three interrelated factors…should influence Textura’s strategy…the anticipated growth, the associated risks, and its…