Construction industry solutions provider Textura Corp., www.texturacorp.com, Deerfield, Ill., has launched PerformanceTracker, an online collaboration solution to transform the performance evaluation process for GCs (general contractors) to yield data-driven, actionable insights, and full visibility into the performance of subcontractors and other project partners.

A cloud-based solution, Textura’s PerformanceTracker streamlines and automates subcontractor performance evaluation, eliminating the inefficient and cumbersome manual processes that have long hindered general contractors’ efforts to collect and leverage critical performance data.

PerformanceTracker seamlessly integrates with the Textura-Construction Payment Management solution, enabling general contractors to easily import subcontractor and project information from Textura’s invoicing and payment solution. In addition, PerformanceTracker can be configured to automatically initiate evaluations when certain events are recorded in CPM, such as invoice submission or approval, or the completion of a contract.

By synthesizing vendor performance data to show key metrics at a glance, the tool allows GCs to see how a vendor is performing on some or all projects. In addition, PerformanceTracker compares the performance of all vendors on a particular project, as well as allowing GCs to measure and compare the overall performance of their construction projects.

To enhance risk management, PerformanceTracker generates alerts to flag safety incidents or critical performance issues to program managers and executives, enabling them to take corrective action before problems worsen. In addition, archiving of evaluation data makes it easy for organizations to access and audit that information if necessary.

Want to tweet about this article? Use hashtags #construction, #software, #technology, #riskmanagement, #cloud