What's New in TPM Explore the enhancements we added this month

May 2020

Spotlight

Open Ended Contract Feature

Head Contractors can now create open ended contracts for vendors who operate on a per unit cost, rather than a defined contract amount. Unlike typical contracts, open ended contracts rely upon a manually entered Do Not Exceed amount on the Contract Maintenance page, which is hidden from the Subcontractor. Subcontractors will pay usage fees based upon progress claim amounts instead of a set amount when accepting the subcontract.

You will see these do not exceed amounts during the progress claim approval workflow.

 

 

Video Spotlight

Tour the Document Archive

Tour the Business Classification Tracking Dashboard

Video Tour the Integration Home

Textura Payment Management Analytics Introduction

Enhancements

• Textura Analytics: Access specific dashboards directly from the Generate Reports page when creating certain reports.
  • Disbursed Report: Payment dashboard
  • Disbursable Report: Progress Claim dashboard
  • Payment Hold and Audit Release Report: Payment hold dashboard
  • Unapproved Progress Claim Report: Progress Claim dashboard.
• Textura Analytics Dashboard Updates
  • Payment Holds Dashboard: View the first and last name of the user who set and released a hold. This information is only available for holds which were placed or released manually.
  • Period Performance Dashboard: Project period detail now includes Last Submission Date, Date Approved, Date Authorised, Date Paid, and Payment Due Date.
  • Export Dashboard: Contract export now includes Textura Customer Number and Tax ID.
  • The Top Segments and Top Contractor snapshots were renamed to Top Segments by Total Contract Value and Top Subcontractors by Total Contract Value. These snapshots now include the number of Projects, Contracts, and Progress Claims for each Segment and Contractor.
• Progress Claim Upload: Select the Use Billed to Date checkbox if you are using billed to date values on your progress claim. When this checkbox is checked, the template is updated to reflect this change.
• Owner Billing with Progress Claims Codes Report: The report now includes the following new columns: Project Name, Project Number, Breakout Code and Breakout Code Description. In addition, a Period Date filter is added to the search criteria, and the sort order has been updated.
• Contract Maintenance:The Description field is now editable if the contract was imported from an ERP system.
• Track Period Deadline (For Head Contractors): Use the Track Period Deadline page within TPM to easily manage and track all tasks mandated by the Ontario Construction Act (OCA). You can enable this feature from the Project Settings page

Subcontractors

• Notification: A voice notification or SMS is sent when the bank account information is changed.

Last Published Wednesday, August 7, 2024