McCarthy Standardizes Its Sub Payments on Oracle Textura.

McCarthy Building Cos. has chosen to standardize its subcontractor payments on the Oracle Textura Payment Management system. The company made this decision due to Textura's ability to handle large volumes of payments and manage lien waivers and compliance. McCarthy's previous system relied on paper checks and Excel, which proved to be time-consuming. While some subcontractors have expressed concerns about the switch, the majority have found the new system to be beneficial. This move towards cloud-based construction payments reflects a broader trend among prime contractors in response to the COVID-19 pandemic. [Extracted from the article]