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Leading Boston Builders Leverage Technology to Improve Subcontractor Payments

 

Two leading Boston builders, Shawmut Design and Construction and Consigli Construction Co., Inc., report that they have seen significant improvements in their subcontractor payment processes resulting from their use of Oracle’s Textura-Construction Payment Management™ (CPM™) solution.

“By streamlining, automating and standardizing our process, CPM has transformed how we work, benefitting both Shawmut and our project partners,” Shelley Almeida, AP Reporting Manager for Shawmut, said in a statement. “With the efficiencies provided by CPM, we have experienced a significant decrease in the time required to process payments to subcontractors,” she said.

A web-based collaboration technology solution, CPM™ electronically integrates critical construction payment management processes - including billing, lien waiver collection, progress claims, statutory declarations, sub-tier waivers, compliance management and payments - into a seamless, online workflow. Users benefit from increased efficiency as well as improved risk mitigation from greater visibility and control.

Shawmut ranks No. 59 on the ENR 400, Engineering News-Record’s annual ranking of the largest general contractors. The national construction management company specializes in building impressive projects for clients within Academic, Retail, Restaurant and Sports Venues markets. Read the full press release to learn more about how CPM has improved payment process efficiency and visibility for Shawmut, as well as how its subcontractors are benefitting from using CPM.

Consigli Construction Co., Inc. is also using Oracle’s Textura-CPM™ solution to optimize its invoicing and payment processes, enabling the builder to scale its operations as it continues to grow.

Headquartered in the Greater Boston area, with offices across the Northeast and Mid-Atlantic, Consigli maintains a diverse portfolio of projects across a wide range of sectors. The company, which ranks No. 79 on the 2016 ENR 400, has been recognized for innovative services and advanced technology.

“Our organization is growing substantially, and the efficiencies and process improvements from CPM enable us to scale our business without increasing staff,” John Tessicini, controller at Consigli, said in a press release.
 

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