FOR IMMEDIATE RELEASE
September 30, 2019
“The increasing intensity, frequency and unpredictability of weather events — driven by global warming — are challenging traditional methods contractors use.” — Aon
CAMBRIDGE, MA — WeatherBuild®, Decision Support Solutions for the Construction Industry and Built Environment®, is proud to announce that Aon is profiling the WeatherBuild Solutions as a leading construction technology to reduce risk of adverse weather and weather events on construction projects. Five key risks mitigated by the WeatherBuild Solutions include: loss in productivity (reconstruction); property damage (resultant damage, own, others); bodily injury (own, others); weather; and, schedule and cost overrun. Further, Aon insurance policies that will be positively impacted by the WeatherBuild Solutions include: construction all risk / builder’s risk; wrap-up liability; contractor’s equipment; and, weather insurance, for example.
“88% of companies’ profitability is directly impacted by the weather.” — Aon
“Low productivity and a low digitization rate have sparked an influx of new technology being developed, which has the potential to make a profound impact on the risks involved on construction projects and within asset management such as safety risk and design risk. Aon understands that this trend may be of interest to clients and has created the Technology Corner to profile different construction technology, such as WeatherBuild, and asset management companies. Each profile gives an overview of the technology, addresses its risk treatment potential, and identifies what insurance policies its implementation could impact. Aon’s goal is multi-faceted to raise awareness about leading construction and asset management technologies that could help reduce risk on site for the purposes of educating our clients and the insurance markets.”
Project stakeholders cannot control the weather — but can control for weather.
Product Description
WeatherBuild offers a suite of decision support solutions that empower contractors, owners and operators to improve situational awareness and make better-informed decisions about weather events, schedule impacts, safety risks and probable outcomes. WeatherBuild Basic: Features hyper-local weather risk and lightning reports with automated delivery to project teams. WeatherBuild Pro: Provides a custom hyper-local weather analytics solution with risk management and dispute resolution tools.
Benefits. Three key benefits associated with WeatherBuild include:
- Productivity: Gain actionable insights in real-time at the point of construction and operations to optimize uptime of crews and equipment.
- Safety: Ensure the health, safety and environment (HSE) of the project, and safeguards the crews, materials, equipment and resources.
- Risk: Evaluate probability and intensity of events, impacts and outcomes, and maximize schedule opportunities to ensure project goals.
Risks Treated. Five key risks mitigated by WeatherBuild include:
- Loss in Productivity (reconstruction)
- Property Damage (resultant damage, own, others)
- Bodily Injury (own, others)
- Weather
- Schedule & Cost Overrun
Impacted Insurance Policies. Insurance policies that will be positively impacted by WeatherBuild:
- Construction All Risk / Builder’s Risk
- Wrap-up Liability
- Contractor’s Equipment
- Weather Insurance
Comments from the CEO
WeatherBuild Co-founder & CEO Adam Omansky says that weather risk is an age-old problem, and Aon highlights how “…the increasing intensity, frequency and unpredictability of weather events — driven by global warming — are challenging traditional methods contractors use…” in project planning and delivery. Project stakeholders in the construction industry and built environment cannot control the weather — but can control for weather with weather enabled decision support solutions across the asset lifecycle from construction to operations and maintenance to shutdowns, turnarounds and outages. Omansky says that WeatherBuild is proud to partner with Aon to transform weather risk management — empowering contractors and owners to improve situational awareness and make better-informed decisions about weather events, schedule impacts, safety risks and probable outcomes.
© 2019 Aon Reed Stenhouse Inc. All rights reserved.
Aon has not verified, and accepts no responsibility for, the accuracy or reliability of this third party or its services. Aon does not accept any liability arising from any party’s use of services provided by this third party. The information contained herein and the statements expressed are of a general nature and may not apply to particular factual or legal circumstances. The materials do not constitute legal advice or opinions and should not be relied upon as such. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.
Headquartered in Cambridge, MA between Harvard and MIT, WeatherBuild® offers a suite of decision support solutions that empower contractors, owners and operators to improve situational awareness and make better-informed decisions about weather events, schedule impacts, safety risks and probable outcomes.
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“WeatherBuild®”, “Weather Controls®”, and “Decision Support Solutions for the Construction Industry and Built Environment®” are registered trademarks of Weather Build, Inc.
The WeatherBuild “W” logo and app icon, “WeatherBuild Solutions™”, “WeatherBuild Basic™”, “WeatherBuild Pro™”, “WeatherBuild API™”, “WeatherBuild Web
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