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Construction / Real Estate verified Verified Outcome TRL 9

Construction Progress Billing Automation

domain Client: A major multinational construction company handshake Provider: Oracle Textura schedule Deploy: Q2 2018 (Standardization)
91 Impact
Enterprise Ready
Evidence Score: 5/10
Strength: High

Executive Summary

ANALYST: COI RESEARCH

Construction invoicing is complex due to 'retention' (holding back cash until job completion) and lien waivers. The firm implemented a specialized payment management cloud solution to automate the collection of lien waivers and compliance documents before releasing payments to subcontractors.

rate_review Analyst Verdict

"Vertical-specific automation wins. Generic ERPs fail at construction billing (AIA G702 forms). By automating the exchange of lien waivers for ACH payments, the entity mitigated massive legal risk and accelerated cash flow to subs."

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Full Audit Report Available Includes Risk Register, Technical Specs & Compliance Data.

warning The Challenge

Manual processing of subcontractor pay applications ('pay apps') was slow and risky. If a sub wasn't paid, they could file a lien on the property. Collecting physical lien waivers and insurance certs before cutting a check was a logistical nightmare.

psychology The Solution

Deployed Oracle Textura. Subcontractors submit pay apps online. The system automatically calculates retention. It holds payment until the digital lien waiver is signed. Payments are released via ACH, replacing paper checks.

settings_suggest Technical & Deployment Specs

Integrations
JD Edwards
Deployment Model
SaaS
Data Classification
Financial / Legal
Estimated TCO / ROI
Medium
POC Summary (2017-01-01 to 2018-01-01)

"N/A"

shield Risk Register & Mitigation

Risk Factor Severity Mitigation Strategy
Subcontractor Adoption Medium Mandatory usage clause in subcontracts.
ERP Integration Medium Standard connectors to JD Edwards/CMiC.

trending_up Impact Trajectory

Audited value realization curve

100% lien waiver collection compliance Verified Outcome
Primary KPIReduction in payment latency to subs
Audit CycleElimination of paper checks

policy Compliance & Gov

  • Standards: Construction Lien Laws
  • Maturity (TRL): 9
  • Evidence Score: 5/10
  • Data Class: Financial / Legal

folder_shared Verified Assets

description
Verified Case Study
PDF • Version 1
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Technical Audit
PDF • Audited
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The "Blind Verification" Protocol

How we verified these outcomes for A major multinational construction company without exposing sensitive IP or identities.

Private
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1. Raw Evidence

Audit ID: #PRIV-923
Evidence: Direct SQL Logs
Public
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2. Verified Asset

Outcome: Verified
Ref ID: #COI-923

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