Textura Corp. (NYSE: TXTR) said its prequalification management software solution Textura-PQM 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.
“With the current economic conditions, Subcontractors are placed in a very difficult position,” said Patrick Allin, chairman and chief executive officer, Textura Corp.. “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ways of doing things, in particular pre-qualification, are no longer feasible as they rely on manual, inefficient and outdated processes.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 is the provider of collaboration and productivity tools for the construction industry. Its website is at www.texturacorp.com