How is the contract usage fee calculated

Textura's pricing approach is an initial fee based on contract value, paid when you accept the contract in Oracle Textura.

The rate at which the fee is calculated is 0.22% of contract value up to a maximum of $3,750 for projects created before January 20, 2023 and $5,000 for projects created after January 19, 2023.

For example, in a project created after January 19, 2023, a $50,000 contract will have a fee of $50,000 x 0.22% = $110. In the same project, a $10,000,000 contract will have a fee of $5,000 ($10,000,000 x 0.22% = $22,000, which is more than the maximum and so the maximum fee of $5,000 would apply).

An organization having a sub-tier contract will incur a flat fee of $100, regardless of sub-tier contract value.

After the contract is confirmed, Oracle Textura will automatically submit this fee for payment to your bank or credit card, as indicated in your organization profile. Contract value may change over time and fees will be revised for significant changes until completion of this contract. Portions of the contract billed outside of Oracle Textura will be excluded from fee calculations. Amount Paid, if greater than Contract Value, will be used for fee calculations.