article thumbnail

Travelers Insurance Wants to Pay You to Use Procore

Construction Junkie

Well, now at least one insurance company believes that, as well. I’ve admittedly been focused mainly on the productivity gains from using technology, but getting a discount from an insurance company to use it is an interesting side effect. Announced today, The Travelers Companies, Inc.

ProCore 83
article thumbnail

Essential BIM Terminology

Viewpoint Construction Technology

Often just considered 3D design, building information modeling (BIM) also acts as a collaborative work platform. Asset Information Model (AIM). The asset information model is a maintained information model used to manage, control, and operate a respective asset. Project Information Model (PIM). CIC BIM Protocol.

BIM 189
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

FEMA Recommends I-Codes For National Flood Insurance Program

Buisness Facilities Contributed Content

A Federal Emergency Management Agency (FEMA) National Flood Insurance Program (NFIP) flood plain management report says current model building codes, such as the International Codes (I-Codes), have flood provisions that are consistent with NFIP requirements for buildings and structures. Posted by Heidi Schwartz.

article thumbnail

Natural Disasters Cause $85 Billion Global Economic Loss During First Half Of 2013

Buisness Facilities Contributed Content

Impact Forecasting , the catastrophe model development center of excellence at Aon Benfield (the global reinsurance intermediary and capital advisor of Aon plc), has issued its mid-year natural disaster analysis, which aggregates the key global natural disaster perils data for the first half of 2013. Posted by Heidi Schwartz. billion).

Insurance 108
article thumbnail

Construction Business Owner Blogs

Construction Business Owner

INSURANCE |. « The Fundamentals of Building Information Modeling (BIM). This, after all, is the foundation of the insurance industry. And risk can be a profit center, since insurance companies obviously make money. So what do construction and insurance companies have in common? STRATEGY |. MANAGEMENT |.

Risk 120
article thumbnail

Checking Under the Hood: What to Consider When Choosing Construction Software

Viewpoint Construction Technology

After scouring the newspapers and car lots, he found one on a used car lot that, with a little help on the down payment and insurance, he could afford. You may pay a little more for certain makes and models, but at least you won’t be buying cases of oil because the engine burns it up. Cost of Ownership.

Software 213
article thumbnail

“Predictive modelling is the process.

DebunkTheBIM

by which a model is created or chosen to try to best predict the probability of an outcome.” Finding this definition was a sad discovery for me – “Predictive Modelling” is a perfect description for a concept within BIM, yet not well-explored but with significant potential. states Wikipedia.