Textura-PQM Helps Subcontractors Improve Efficiency and Enhance Productivity

CHICAGO, Feb. 3, 2014 /CNW/ - Textura^®—PQM, an innovative construction prequalification management software solution offered by Textura Corporation (NYSE: TXTR), is being adopted by more and more subcontractors, allowing for greater control of project information, the standardization of processes and the mitigation of risk across the industry.

(Logo: http://photos.prnewswire.com/prnh/20110602/CG12932LOGO)

"With the current economic conditions, Subcontractors are placed in a very difficult position," said Patrick Allin, Chairman and Chief Executive Officer, Textura Corporation. "They need to remain competitive in a market that favors the lowest bid over relationships and sometimes even over competency, but they also need to ensure that their businesses remain profitable. The old ways of doing things, in particular pre-qualification, are no longer feasible as they rely on manual, inefficient and outdated processes. Subcontractors need to capitalize on any advantage they can find, and our PQM™ solution gives them an edge in an increasingly difficult and competitive marketplace."

"Textura's Pre-Qualification Management system has simplified my job. I now have a consistent format to help market our company to almost any general contractor," said Jerry Thiel, President of G.W. Thiel Inc., a leading carpentry contactor based in Illinois. Textura—PQM automates the collection of data in the pre-qualification process, eliminating the piles of paper and the need for labor-intensive manual processes. Thiel continued, "PQM saves us valuable time by storing pre-qualification information online, so we can use it to pre-qualify with any number of General Contractors. I can create reminders to update the information so that I am always presenting the most current state of our company. PQM has turned a several hour task into a task that can be completed in minutes."

"Textura—PQM is a real time saver for Parsons," said Janet Vik, Marketing Assistant, Parsons' Electrical Construction, an electrical subcontractor who takes on some of the most complex commercial, industrial, and institutional projects in the United States. "With locations in Minnesota, North Dakota and Arizona, Parsons Electric works with a range of General Contractors, all with different requirements. Textura—PQM gives us the ability to standardize processes, making it easier to respond to varying needs from General Contractors. Updating the library is easy and once completed makes updating information for our General Contractors painless. I'm always happy when I see one of our General Contractors moving their prequalification process to Textura."

About G.W. Thiel Inc.
At G.W. Thiel, Inc., we've made our name by providing the highest quality, custom carpentry services to residential and commercial clients since 1977. Our team of expert union carpenters can help you complete any custom construction project – on time and on budget. Our goal is to exceed the expectations of every client by providing one-of-a-kind service and workmanship. For more information, please visit www.gwthiel.com.

About Parsons
Parsons has grown to become one of North America's premier electrical and technology providers. Since 1927, we have established an enduring reputation of providing quality design, construction, service and maintenance to our customers. Parsons is proud to provide an extensive range of services through our three divisions – Electrical Construction, Electrical Service, and Technologies – to ensure our customers the latest technology, expertise, and proven dedication. For more information, please visit www.parsonscorp.com.

About Textura
Textura is the leading provider of collaboration and productivity tools for the construction industry. Our solutions serve all construction industry professionals across the project lifecycle – from takeoff, estimating, design, pre-qualification and bid management to submittals, field management, LEED^® management and payment.

Textura's collaboration platform and online product suite represent the first time the industry has all the tools needed to manage their business in an integrated fashion to save time and money and reduce exposure to risks. With award winning technology, world-class customer support and consistent growth, Textura is leading the construction industry's technology transformation. www.texturacorp.com

Contact:
Textura Corporation
866-839-8872
[email protected]

SOURCE: Textura Corporation

http://www.texturacorp.com

http://photos.prnewswire.com/prnh/20110602/CG12932LOGO