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The new water management standard enforces Mandatory Water Systems Management Plans, Active Automatic Flow Monitoring Shutoff (AAFMS), and coverage for temporary and permanent water systems. Equally, many insurers will require compliance with JCoP guidelines to provide coverage.
The partnership combines WINT’s industry-leading AI-based water management solutions with HSB’s unique expertise in IoT technology and OEM uptime warranty solutions to provide businesses with an ultimate solution to protect from water leak damage. Water leaks are a major point of pain across the real estate and construction industry.
The round was joined by Taronga Ventures, one of the world’s leading real asset technology investors, and other prop-tech and construction-tech investors, providing WINT strategic access to new markets. “As NEW YORK — Aug.
Construction site security is critical to any building project. If developers and building managers want to ensure steady continuity all year round without any prevalent setbacks and minimal risks, they must ensure their site is equipped with sufficient security measures that protect valuable assets and maintain worker safety.
WINT’s success in preventing water damage has helped accelerate the growth of its insurance network, which includes carriers, brokers, MGAs and risk-engineering firms and has nearly tripled during the year.
WINT’s success in preventing water damage has helped accelerate the growth of its insurance network, which includes carriers, brokers, MGAs and risk-engineering firms and has nearly tripled during the year.
Polygon , one of the largest global Property Damage Control and Temporary Climate Solutions providers, is pleased to announce they have partnered with WINT Water Intelligence , a leader in cutting-edge water management and risk mitigation solutions, to add real-time leak detection and auto shut-off water supply technology to their portfolio.
By Taylor Ferranti, Commercial Vice President, Refrigerant Management Recently, the HVACR industry has been managing a new challenge when it comes to refrigerant management: counterfeit refrigerant recovery cylinders. DOT-certified cylinders minimize leakage risks, protecting the environment. Be familiar with your policy.
will focus on the connection between technology adoption in construction and reducing the cost of risk. will focus on the connection between technology adoption in construction and reducing the cost of risk. Ghanbarian has more than 15 years of dedicated experience in home services and water management solutions.
How can construction companies maintain healthy cash flow while minimizing overhead costs in today’s dynamic industry? Construction companies must adopt proactive cash flow management strategies to thrive in this environment. Lowers insurance costs associated with maintaining large inventories.
Polygon’s ExactAire technology has been used in construction, commercial and industrial buildings for over 25 years giving stakeholders visibility and control of environmental conditions like temperature, humidity, indoor air quality and wood moisture content. We are thrilled to partner with WINT.
Roads & Infrastructure sits down with Michelle Morrissey, National Claims Manager – Underwriting Agencies of Australia, to learn key insights and tips on how the industry can better navigate machinery and plant insurance claims. It’s important to look at your sums insured for each piece of equipment.
IS YOUR BUSINESS EFFECTIVELY PRIORITIZING CONSTRUCTIONRISKMANAGEMENT? Truth be told, every industry involves risk. The same can be said for the field of construction. Ever-present risks can delay or completely derail investments. Ever-present risks can delay or completely derail investments.
How Well Does Your Business Prioritize ConstructionRiskManagement? Truth be told, every industry involves risk. The same can be said for the field of construction. Ever-present risks can delay or completely derail investments. Ever-present risks can delay or completely derail investments.
Each May, Procore proudly recognizes Construction Safety Week , an initiative launched in 2014 by global construction firms to inspire everyone in the industry to be leaders in safety. These courses supplement traditional OSHA training to offer comprehensive and practical recommendations for staying ahead of safety risks.
The post Your Business Safety Net: Why Regular Fire Sprinkler Checks Matter appeared first on UK Construction Blog. Fire sprinkler servicing identifies potential issues before they become serious risks. Property Protection Your building, inventory, documents, and equipment are valuable. But installing them isnt enough.
What Are “Soft Costs” in Construction? When planning a construction project, understanding the full scope of costs is crucial for accurate budgeting and project management. Real estate professionals in development and construction lending are impacted by cost and budgeting issues. appeared first on Rabbet.
The post The Hidden Costs of Owning ConstructionEquipment appeared first on UK Construction Blog. Constructionequipment is the lifeblood of any building project and owning your own equipment can be a tempting proposition. Additionally, factor in safety training for your operators.
Information of ConstructionRiskManagement. Constructionriskmanagement is a long steep process, in which we have to calculate the all-possible risk and determine the process by which we can reduce this type of risk. Where we identify, analyze the risks and work over them.
NEW YORK — WINT Water Intelligence , a leader in cutting-edge water management and leak-prevention solutions, ranks among the top nine insurance technology innovations of 2024, according to a panel of industry experts. Its technology can be used by construction companies to operate in commercial and multi-tenant apartment buildings.
Reading Time: 4 minutes As-built documentation holds high significance for construction projects of any size or complexity. It thoroughly captures various changes made against planned design during construction. Consider As-Built document as guides to what was not intended to be constructed vs what is actually constructed.
How can you ensure that your equipment rentals deliver optimal value? Your project’s success depends on selecting the appropriate equipment rental provider. equipment rental industry grows to $78.2 The equipment rental industry will reach $78.2 As the U.S. The good news?
Have you ever wondered what keeps the construction project on track, ensuring that everything goes as expected? A construction site inspection checklist is essential for any construction project. A construction site inspection checklist is essential for any construction project.
If you’re the owner of a construction or trade business, chances are you’ve asked yourself what it takes to be successful in this field. But there are some key elements every construction business should have in place to ensure they stay on track and continue growing. You can also avoid costly mistakes in the future.
There might be a slight exaggeration in there, but the reality is that people are embracing automation more and more, and that extends to the construction field too. A regular John will ask for a paycheck, health insurance, dental, even paid vacation. 3D printing is also used in a lot of construction sites to make components.
In construction, orchestrating a successful project involves navigating through a labyrinth of intricacies. That’s why all construction companies need to have a well-thought constructionriskmanagement plan that will help avoid the probability of rework and ensure the successful completion of the project.
When you’re hit by a construction calamity, the wreckage could be far more than physical. Remember, property damage caused by construction mishaps can be extensive and convoluted. Role of Property Damage Lawyers Property damage lawyers play a key role in mitigating disputes related to construction.
The post Insurance for the Construction Industry: Essential Coverage Options appeared first on UK Construction Blog. Navigating the construction industry can be challenging, especially when it comes to managingrisks and ensuring financial protection. What is Key Person Insurance?
Construction profit margin vs. markup is one of the most misunderstood financial concepts in the industry. Understanding how to calculate profit margin and markup correctly is essential to pricing jobs effectively and running a profitable construction business. What should I charge to hit my margin?
"Constructionequipment is often an essential component in construction projects. Working in a foreign country often presents additional challenges to find the right equipment." Frequently construction companies have to move constructionequipment from one country to another country.
As a contractor, you may have realized that taking care of every detail will not be enough as there are always going to be risks associated with your work. Whether it’s the risk of an unexpected accident or a project running over schedule and costing you money, there are many things that can go wrong.
The post Top 10 Construction Defects: Prevent These Costly Building Mistakes appeared first on UK Construction Blog. Key Takeaways Construction defects commonly stem from design deficiencies, poor workmanship, substandard materials and inadequate quality control, potentially reducing property values by up to 25%.
21 New Integrations for Autodesk Construction Cloud Construction companies produce an immense amount of data every day; but are firms actually leveraging this goldmine of insights? Today, only 20% of construction firms identify as data leaders, with the remaining 80% reporting either beginner or emergent levels of data capabilities.
The following is an outline of basic Construction Cost Audit Fundamentals when reviewing a construction cost estimate and conducting a construction cost audit. Construction Cost Audit Fundamentals. Regular audit are mandatory for any LEAN construction planning, procurement, and delivery implementation.
.” This quote primarily relates to personal finance, but his advice also rings true in the construction industry. While bringing in large projects and generating revenue is essential, it’s equally important to manage profit effectively and ensure healthy margins. Have a look below. It does matter.
The post Why Home Construction Projects Should Prioritise Padlocks appeared first on UK Construction Blog. Home construction sites are easy targets. With valuable tools, equipment, and materials lying around, the risk of theft is high. What Makes Padlocks Ideal for Construction Projects?
Less than 25% of stolen construction materials are returned to the company. To prevent losses for your construction business, you need intimate knowledge of the latest security trends. Are you ready to equip your construction site with top-tier security solutions? RFID Tracking For Tools. Going Keyless.
In the past twelve months, the construction industry has experienced significant transformation in response to dynamic challenges and the continual emergence of new technologies. With 2024 just around the corner, construction spending in the United States has already surpassed $1.6 increase compared to the same period in 2022.
The post Optimising Equipment Utilisation In Construction Projects: Ensuring Maximum Efficiency with Hired-In Plant Machinery appeared first on UK Construction Blog. When it comes to construction projects the old saying ‘time is money’ holds true, and every moment truly counts towards the success and efficiency of a project.
Most construction professionals recognize the importance of integrations. According to JB Knowledge’s 2021 Construction Technology Report , 85% of construction professionals consider mobile integrations as either “Important” or “Very Important” when purchasing software.
The construction sector is no exception. According to Deloitte , AI and advanced data analytics technology could bring cost savings of 10% to 15% for construction projects. The impact of artificial intelligence is incredibly profound, which is why AI in the construction market is expected to be worth $151.1 billion by 2032.
The post How to Choose the Best Public Liability Insurance for Your Construction Business appeared first on UK Construction Blog. Choosing the right public liability insurance for your construction business is crucial for protecting your company against unexpected claims and financial losses.
As a contractor, you likely know that your business is always at risk. Between the potential for accidents and injuries on the job site and the risk of lawsuits, it’s important to have insurance to protect yourself from financial losses, but what kind of insurance do you need? General Liability Insurance.
Prequalification can ensure contractors are capable, insured, and able to meet all the complex safety and performance requirements. Contractors are required to provide documentation such as: Financial statements Insurance certificates Safety plans Licensing information Training logs And more! Studies show that 3.6% on training.
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