Tag Archive: construction payment management

Aug 05 2016

Oracle building its construction offering

A Construction Index news story today about the Bank of England’s decision yesterday to reduce the central bank interest rate to 0.25% highlighted once again the UK construction industry’s poor record on prompt payment. It quotes the National Federation of Builders’s chief executive Richard Beresford: “The construction industry has the worst payment record of any …

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Permanent link to this article: http://extranetevolution.com/2016/08/oracle-building-its-construction-offering/

Oct 30 2015

Progressclaim targets Aussie CPM market

A Google alert brought me news (reported in BRW, and Dynamic Business) of an Australian construction technology start-up, founded in 2011, that is competing in the same kind of market as Textura. Lincoln Easton, CFO of a Melbourne, Australia-based contractor, was apparently only too familiar with the poor book-keeping, arguments, paperwork and threats that resulted from …

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Permanent link to this article: http://extranetevolution.com/2015/10/progressclaim-targets-aussie-cpm-market/

Aug 27 2015

Textura promoting early subbie payment

The European arm of US construction payment management corporation Textura is starting to raise its profile in the UK, with early payment of subcontractors part of its service offering. As I reported just over a year ago (Colin Smith leads Textura European push), Textura Europe is headed by the one-time founder and CEO of BIW …

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Permanent link to this article: http://extranetevolution.com/2015/08/textura-europe/