flexiblefullpage
billboard
interstitial1
catfish1
Currently Reading

New tool helps developers, contractors identify geographic risk for construction

New tool helps developers, contractors identify geographic risk for construction

Interactive tool from Aon Risk Solutions points out potential legal, insurance, and catastrophic exposure roadblocks


By John Caulfield, Senior Editor | November 18, 2014
An example of Aons Construction Risk Map, which the portal updates regularly to
An example of Aons Construction Risk Map, which the portal updates regularly to provide clients with insights into where the bu

Developers and contractors entering new markets that are looking to mitigate their projects’ risk now have available an interactive tool that not only allows them to access real-time updates pertaining to the risk climate of municipalities across the U.S., but also to create a job-specific risk profile that takes into account such factors as local statutes and the potential for catastrophic exposure.

Aon Risk Solutions, through its Construction Services Group, has gone live with its Construction Risk Portal, a web-enhanced tool that helps clients navigate risk when working across multiple geographies simultaneously.

Aon Risk Solutions is a division of London-based Aon plc, a publicly traded global provider of risk management, insurance and reinsurance brokerage, and human resources solutions and outsourcing services. It has clients in 120 countries.

The portal is a single website with two applications:

• Construction Risk Map is a searchable reference library. It provides a macroeconomic vantage of the construction risk climate across the country, and outlines specific issues—such as litigation, legislation, and insurance requirements—that contribute to overall construction’s risk rating;

• Construction Risk Register is an interactive module through which users can create project- and location-specific risk profiles based on data about the project. The profile would have three components: State-specific statutes and case law based on construction-specific issues as tracked in the Construction Risk Map; a map that plots a project’s location based on information input and through a partnership with Aon Benfield’s Impact Forecasting capabilities and analysis of catastrophic exposure; and a risk “matrix” that plots the potential severity of jurisdictional issues and catastrophic exposures on a construction project.

Aon Risk Solutions developed this interactive platform with assistance from Johnson & Bell, a real estate and construction litigation firm, and one of several information partners with which Aon has on retainer. 

“The Construction Risk Portal will allow our clients and colleagues to have access 24-hours a day, seven days a week to statutory developments, case law, risk trends and regulatory updates,” says Matt Walsh, Executive Vice President and Chief Broking Officer of Aon Risk Solutions’ Construction Services Group. 

Aon now includes access to this portal as one of the services it offers to clients, says Walsh. The plan is to add other applications in 2015, which Walsh says could revolve around safety drivers, contractual issues, and information about risks in other countries, such as Canada. 

Related Stories

AEC Business Innovation | Jul 11, 2021

Staffing, office changes at SCB, SmithGroup, RKTB, Ryan Cos., Jacobsen, Boldt, and Adolfson & Peterson

AEC firms take strategic action as construction picks up steam with Covid openings.

K-12 Schools | Jul 9, 2021

LPA Architects' STEM high school post-occupancy evaluation

LPA Architects conducted a post-occupancy evaluation, or POE, of the eSTEM Academy, a new high school specializing in health/medical and design/engineering Career Technical Education, in Eastvale, Calif. The POE helped LPA, the Riverside County Office of Education, and the Corona-Norco Unified School District gain a better understanding of which design innovations—such as movable walls, flex furniture, collaborative spaces, indoor-outdoor activity areas, and a student union—enhanced the education program, and how well students and teachers used these innovations.

Multifamily Housing | Jul 7, 2021

Make sure to get your multifamily amenities mix right

​One of the hardest decisions multifamily developers and their design teams have to make is what mix of amenities they’re going to put into each project. A lot of squiggly factors go into that decision: the type of community, the geographic market, local recreation preferences, climate/weather conditions, physical parameters, and of course the budget. The permutations are mind-boggling.

Industrial Facilities | Jul 2, 2021

A new approach to cold storage buildings

 Cameron Trefry and Kate Lyle of Ware Malcomb talk about their firm's cold storage building prototype that is serving a market that is rapidly expanding across the supply chain.

Multifamily Housing | Jun 30, 2021

A post-pandemic ‘new normal’ for apartment buildings

Grimm + Parker’s vision foresees buildings with rentable offices and refrigerated package storage.

Architects | Jun 30, 2021

Perkins Eastman joins forces with MEIS

MEIS’ work on stadiums and entertainment centers spans the globe with state-of-the-art designs in the U.S., Europe, Asia, and the Middle East.

Architects | Jun 25, 2021

AIA announces Small Project Award recipients

Now in its 18th year, the AIA Small Project Awards program recognizes small-project practitioners for the high quality of their work.

Architects | Jun 24, 2021

Post-pandemic, architects need to advocate harder for project sustainability

An AIA-Oldcastle report looks closer at the coronavirus’s impact on design and construction

Resiliency | Jun 24, 2021

Oceanographer John Englander talks resiliency and buildings [new on HorizonTV]

New on HorizonTV, oceanographer John Englander discusses his latest book, which warns that, regardless of resilience efforts, sea levels will rise by meters in the coming decades. Adaptation, he says, is the key to future building design and construction.

Multifamily Housing | Jun 23, 2021

COVID-19’s impact on multifamily amenities

Multifamily project teams had to scramble to accommodate the overwhelming demand for work-from-home spaces for adults and study spaces for children. 

boombox1
boombox2
native1

More In Category

Construction Costs

Data center construction costs for 2024

Gordian’s data features more than 100 building models, including computer data centers. These localized models allow architects, engineers, and other preconstruction professionals to quickly and accurately create conceptual estimates for future builds. This table shows a five-year view of costs per square foot for one-story computer data centers. 


Sustainability

Grimshaw launches free online tool to help accelerate decarbonization of buildings

Minoro, an online platform to help accelerate the decarbonization of buildings, was recently launched by architecture firm Grimshaw, in collaboration with more than 20 supporting organizations including World Business Council for Sustainable Development (WBCSD), RIBA, Architecture 2030, the World Green Building Council (WorldGBC) and several national Green Building Councils from across the globe.



Healthcare Facilities

Watch on-demand: Key Trends in the Healthcare Facilities Market for 2024-2025

Join the Building Design+Construction editorial team for this on-demand webinar on key trends, innovations, and opportunities in the $65 billion U.S. healthcare buildings market. A panel of healthcare design and construction experts present their latest projects, trends, innovations, opportunities, and data/research on key healthcare facilities sub-sectors. A 2024-2025 U.S. healthcare facilities market outlook is also presented.

halfpage1

Most Popular Content

  1. 2021 Giants 400 Report
  2. Top 150 Architecture Firms for 2019
  3. 13 projects that represent the future of affordable housing
  4. Sagrada Familia completion date pushed back due to coronavirus
  5. Top 160 Architecture Firms 2021