What is CPM™?
CPM (Construction Payment Management™) is a secure, easy-to-use online solution that improves the construction progress claim management process. Claim management is dramatically improved through faster, less expensive, and more accurate handling; collection and exchange of supporting documents; and significantly improved visibility and decision-making tools.
Who benefits from CPM?
CPM provides benefits to all participants in the construction hierarchy: Owners / Developers, Head Contractors, Subcontractors and even Sub-Tier Subcontractors. Lenders and third-party organisations that are involved in the payment process also benefit from using CPM.
Why should I use CPM instead of my current process?
Current manual processes are inefficient, time-consuming and have a high risk of double entry and human error, all of which adds to your costs. With CPM, you can cut the time you spend reviewing and entering your claims, e-mailing and approving supporting documents, and most importantly, chasing down claims and payments!
Do I need to install CPM on my computer or tablet?
No. CPM is entirely web-based, so there is no need to install special software or equipment. It is a secure, online solution which can be accessed 24/7, from any device with e-mail and internet access, whether you are in the office, working from home or out on the work site.
How quickly can I be up and running on CPM?
For Head Contractors, once the decision is made to use CPM, implementation will take approximately 30-45 days, depending on the complexity of the project.
For Subcontractors, getting set up and submitting your first claim can be completed in less than 30 minutes. Submitting subsequent claims takes only 5-10 minutes!
I am reluctant to put my company information on CPM. Is CPM secure?
Yes. Data entered into CPM is encrypted and password protected. Only users you provide access to are able to see private information. CPM is also subject to regular audits to verify ongoing security.
What is the cost to use CPM?
Pricing for CPM varies depending on the size and number of projects brought onto the system. We have a variety of cost-effective options available for a single project, a program of work, or an entire portfolio. To have someone from our Client Services team contact you to provide information tailored to your requirements, please click here.
What if I need assistance using CPM?
If you have any questions or require any assistance throughout the duration of your project, please call 1800 TEXTURA (839 887) or e-mail email@example.com and someone from our Client Services team will gladly answer any questions you may have.
How do I learn more about CPM?
To learn more about CPM and how it can help your organisation, call 1800 TEXTURA (839 887) or click here.