Managing Disbursements

Use the Oracle Textura Payment Management system (TPM) to disburse funds to Subcontractors and Sub-Tiers in payment for work performed on a project. Electronic funds disbursement on the system simplifies and expedites the period payment process.

Note: Funds may also be disbursed by a Title Company or alternate organisation to all participants in the period.

Typical Disbursement

All period participants whose status is Requested to be Paid are paid in one disbursement. Funds are transferred to project participants electronically.

To make a disbursement:

Authorise Subcontractor Payments

See Authorise Payments.

  1. The Authoriser reviews the payment status for participants on the Authorise Payment page.
  2. The Authoriser selects payments to disburse.
  3. If all the payments are correct, choose Save & Send to Disburser button.

Disburse Project Funds

See Manage Period Payments.

  1. The Disburser reviews the payment status for participants on the Manage Period Payments page.

    Note: Participants whose payment status is Held are not eligible to be paid.

  2. If all the payments are correct:
    • Enter PIN
    • Choose Disburse Selected button.

    A Status page confirms the funds are queued for BACS payment.

Verify Payments

Verify payment amounts and disbursement status on the Manage Period Payments page.

Payment Receipts

When payment has been disbursed, Subcontractors receive an email notification and an action to view their Payment Receipt.

The Payment Receipt confirms that BACS payment has been transmitted. It includes:

Collect VAT Invoices

VAT Invoice signatures are released to Main Contractors three days after disbursement. After they are released, signatures display on documents on the system.

See the Manage VAT Invoices for Main Contractors page for the release date.

Other Disbursement Actions