Suppliers
The Oracle Textura Payment Management (TPM) system is a web-based, Software-as-a-Service (SaaS) solution that automates the construction payment process. The system facilitates a Sub-Tier's exchange of claims and payment schedules with Prime Subcontractors and Main Contractors for fast, secure electronic payment and compliance tracking.
The system recognises three types of Sub-Tiers:
- Manual Sub-Tier
- Does not have an account on the system
- Listed on the system for tracking purposes
- Provides documents outside of the system, but VAT Invoices are tracked in the system by Main Contractors
- Paid off-system by the Main Contractor or Prime Subcontractor
- VAT Invoice Only Sub-Tier (VAT Sub)
- Has an account on the system
- Signs VAT Invoices electronically through the system
- The parent organisation, most often a Prime Subcontractor, will enter the payment amount for work during a period on the VAT Sub's behalf.
Note: A VAT Sub may be required to document suppliers for the project. The Prime Subcontractor will still enter payment information for the VAT Sub. This payment amount to their organisation is not editable on the VAT Sub's side when they enter payment details for their suppliers.
- Paid off-system by the Main Contractor or Prime Subcontractor
- On-System Sub-Tiers (On-Sys)
- Has an account on the system
- Submits claims electronically through the system
Note: An On-System Sub-Tier's experience of the system parallels that of a Prime Subcontractor's.
Last Published Wednesday, July 10, 2024