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Digitally Connecting Stakeholders with Capital & Financial Markets
Digital 360 Summit
The Digital Infrastructure Panel
Enabling Advanced Digital Construction Management Systems
- Infrastructure Investment and Jobs Act
- Inflation Reduction Act of 2022
Advanced Digital Construction Management Systems
Construction Industry Institute (CII)
Construction User Roundtable (CURT)
The Operating System 2.0 Initiative
Don Bowden - Builder Chain/OS2, Bill Van Sweringen – ExxonMobil/OS2, Dixon Wright - USI Insurance Services, Tom Meyers – Concord Servicing, John Butler - University of Texas Austin, Jan Rippingale - Blu Banyan, Alfred Berkeley, Peter Gibbs - Foundation Surety and Insurance
Video
Keynote
Jan Rippingale
Blu Banyan
Audio Only
Complete Panel Discussion
Digital Infrastructure Panel
Audio Only first 15 Minutes
Video starts at 15 minutes
Executive Summary
Enabling Advanced Digital Construction Management Systems
The keynote and panel will be sharing Digital Construction Management Systems to promote next generation products/services that align with recent legislation and demonstrate how other industry infrastructure initiatives can efficiently benefit from digitally collaborating to access a wider range of market services.
The panel will discuss individual initiatives towards data interoperability and demonstrate an implemented digital ecosystem with multiple stakeholders across industry segments and how it relates to Orange Button, XBRL, SolarApp, FDX and FISTech.
Abstract - Advanced Digital Construction Management Systems
The recently passed Inflation Reduction Act of 2022 (IRA) and the Infrastructure Investment and Jobs Act (IIJA) both emphasize levering data to improve efficiency by “Accelerated Implementation and Deployment of Advanced Digital Construction Management Systems.”
Systems that will be dependent on a reliable digital ecosystem across industry segments, enabled by data standards and established data sets for high confidence in the integrity of the data exchange.
Not only within the construction and supply chain stakeholders, but also finance, insurance and surety as examples of extended stakeholders.
This keynote and panel will discuss and demonstrate how a model digital ecosystem can be established that leverages existing federally recognized open standards like XBRL and DOE SalarApp with industry specific standards like Financial Data Exchange (FDX), ConsensusDocs and others.
A model digital ecosystem for efficiency from the smallest solar carport or EV Charging station to the largest utility scale project.
A construction environment regardless of work being related to solar, wind, gas or bio-gas, and regardless of what system or platform is being used by any stakeholder.
DOE leadership has already created reliable and secure open data standards that can be utilized by multiple stakeholders in a digital ecosystem – Green Button for energy consumption, Orange Button for energy production, AHJ Registry and SolarApp for permitting and inspection standards to establish baseline monitoring for better analytics.
Federal Energy Regulatory Commission is requiring reporting in XBRL
The Small Business Administration has already begun work to support data exchange utilizing XBRL.
ConsensusDocs has already established standardized construction contract data sets with a coalition that consists of 41 prominent organizations that collectively represents over more than 300,000 individuals and companies.
As a follow up to the DOE RFI response the collaboration will submit to DOE on September 30th a funding request to support expanding the XBRL taxonomy to enable "Advanced Digital Construction Management Systems" and DOE identified objectives -
- Implementing monitoring, controls, and advanced modeling for real-time situational awareness
- Integrating distributed energy resources like microgrids and energy storage
Learn More
Response to DOE Request for Information -
Data Act 2.0 - Digital Ecosystems for Energy Grid
Model Digital Ecosystem for Community Resiliency
California
SB-833 Community Energy Resilience Act of 2022
Federal
Financial Data Transparency Act of 2022 (S.4295)
Inflation Reduction Act of 2022
The $369 billion of climate spending in the Inflation Reduction Act includes funding for clean energy and electric vehicle tax breaks, domestic manufacturing of batteries and solar panels, and pollution reduction.
Infrastructure Investment and Jobs Act
Federal Transit Administration
Fact Sheet: Public Transportation Innovation
Program Purpose
The Bipartisan Infrastructure Law, enacted as the Infrastructure Investment and Jobs Act (IIJA), continues the Public Transportation Innovation program, which awards funding to advance innovative public transportation research and development.
What’s Changed?
The law directs FTA to establish an Advanced Digital Construction Management Systems program to promote, implement, deploy, demonstrate, showcase, support, and document the application of advanced digital construction management systems, practices, performance, and benefits.
Speakers
This keynote and panel breaks through the silo approach and brings together national leaders to demonstrate consensus, synergy and a roadmap to a multiple market sector digital ecosystem that can enable next generation products and services that promotes innovation and competition.
Keynote:
CEO Blu Banyan
- Jan leads the Orange Button Technology group and works closely with the DOE and Sandia Labs to develop platforms like the AHJ Registry, SolarApp and Product Registry that standardize data to promote third party development of new products and services.
K Dixon Wright - Moderator:
Senior Vice-President USI Insurance Services
President – SRC Digital Insurance Services
Former President of NASDAQ, Vice Chairman of the Presidents National Infrastructure Advisory Council and Chairman of XBRL.
Don Bowden - OS2
Builder Chain OS2 “neighborhood” model with Smart Contracts and Blockchain
Managing Director
Faculty Director Jon Brumley Texas Venture Labs
The University of Texas at Austin
- John Butler holds the J. Marion West Chair for Constructive Capitalism in the Graduate School of Business (Department of Management). His research is in the areas of Organizational Behavior and Entrepreneurship/New Ventures.
Foundation Insurance and Surety
- Peter is the former head of the SBA Surety guarantee program and started the SBA XBRL initiative.
- Tom’s experience in regulated energy, solar, and home energy efficiency improvement sectors includes commercial solar, HVAC, and installation contractors to further aims in the for-profit arena across all income levels. Tom is known for assisting investor-owned utilities, municipalities and COOPS along with lenders, regulatory and state agencies to drive performance to reach their goals.
Digital Strategy Advisor
ExxonMobil Global Projects Company
- Bill Van Sweringen has been a contractor and owner project manager in the international design and construction of oil and gas projects for 47 years. For the last four years he has been exploring the technology and innovation to solve difficult project execution issues. This includes leading participation in the Construction Industry Institute – Operation System 2.0 research which he can speak about in the panel discussion. He is a Digital Strategy Advisor for the ExxonMobil Global Projects Company, and has Bachelor and Masters in Mechanical Engineering from Cornell University, and a MBA in finance from New York University.
Learn More
Peter Gibbs
July 27, 2022
U.S. House Small Business Committee On “Leveraging the Infrastructure Investment and Jobs Act: The Role of the SBA’s Bond Guarantee Program”
- Testimony of Peter Gibbs
- Opening Statement (YouTube)
- Response - Why the SBA is Important (YouTube)
- Response - The IT system at SBA (YouTube)
XBRL Surety Working Group
Don Bowden
The Operating System 2.0 Initiative
Don Cardinal
Financial Data Exchange (FDX)
CII and CURT - OS2 Initiative
Construction Industry Institute (CII) - Based at The University of Texas at Austin, CII is a research consortium of more than 125 leading owner, engineering-contractor, and supplier firms from both the public and private arenas.
Construction Users Roundtable (CURT) - Representing nearly $200 billion in capital and maintenance spending power, CURT is the premier Owners’ organization and is recognized as a driving force behind continuous and significant improvement throughout the construction industry, including co-development of OS2 with CII.
The Operating System 2.0 (OS2) Initiative conducts research and development aimed at defining and delivering new ways of doing business in the capital projects industry. CII is responsible for the research and CURT, through PrairieDog, is responsible for the deployment of new solutions into the market.
Participants
The CII/CURT-OS2 research is funded by a few owners in heavy industry, primarily in oil and gas, but has applicability across the infrastructure space.
PrairieDog is delivering innovative OS2 solutions into the market. PrairieDog
provides the construction industry’s leading transactional platform and digital ecosystem that is transforming the global construction industry through better allocation of risk, improved data interoperability between organizations, agile project delivery methods, and significantly reduced transactional costs enabled by technologies such as blockchain.
BuilderChain provides a blockchain-based, construction marketplace and digital industry ecosystem that includes a completely agnostic and consistent business operation and coordination (scheduling) platform. BuilderChain is participating in the OS2 initiative in partnership with PrairieDog.
Learn More
William H. Van Sweringen
Digital Strategy Advisor
ExxonMobil Global Projects Company,
Spring, Texas
OS2 presentation delivered by Pete Dumont, CURT President and Stephen Mulva, CII Executive Director on February 12, 2018 at the CURT National Conference.
Pre-Summit Working Group Call on the OS2 Initiative with Peter Dumont
Blu Banyan
Learn More
Earthgrid
EarthGrid has invented plasma tunnel boring robots that are solar-powered, use no water, have zero emissions and can bore tunnels 100x faster at 1/10th the cost of conventional techniques. They are building a network of large, underground utility tunnels that improve infrastructure and rapidly accelerate the transition to 100% clean energy by enabling underground clean energy power lines, high-speed data, water, and wastewater, H2 pipelines, e-commerce parcel transportation via pneumatic tubes, etc. They have a BOOM model (Build, Own, Operate and Manage) and intend to lease space to investment-grade utilities.
Learn More
Surety2000
Surety2000’s role in the digital ecosystem is to administer stakeholder and project data for the execution, retention and delivery of an importable digital surety bond.
The resulting Bond Validation Number (BVN) enables stakeholders to validate the bond and retrieve an expanded data to utilize as needed.
Learn More
The Industry Standard in Electronic Surety
A full suite of risk management products
Overview of Surety2000 and how to issue a digital bond
Concord servicing
Founded in 1988, Concord services two million+ obligations totaling $7.7 billion, of which $2 billion+ are part of asset-backed securitizations.
In addition to primary loan servicing, Concord also serves as a master/backup servicer for approximately 110,000 loans with combined balances of $2.25 billion.
Learn More
Background Information
Forbes - December 7, 2021
Implementing the IJJA will require massive project and capital management from state and local agencies and organizations managing the construction projects. Innovative technologies that capture, utilize and position data effectively and securely while integrating seamlessly into the construction process are crucial to executing such an ambitious agenda.
Ryvit
The Infrastructure Investment & Jobs Act (IIJA) is here.
In addition to the objectives listed above, the IIJA stipulates that there will be an effort to “develop and deploy best practices for use in digital construction management.” To that end, if you’re not already aware of the concepts surrounding construction data exchange (CDX), then you should take a look at what the experts within the Construction Progress Coalition (CPC) have put together.
Bentley
Accelerate Adoption of Advanced Digital Construction Management
Learn More
Oct 5, 2021
Construction Brothers Podcast
Reimagining Construction - Pete Dumont
The Construction Shared Pains Podcast
Investing in AEC Innovation Pt 2: Measurement & Impact
Background Media
2020 World Economic Forum submission Unleashing the Power of Data Standardization,
UC Berkeley - Digital Ecosystem for Infrastructure Reliability
Solar Power World - Data Harmonization Strategies: Scaling Up Solar Projects & Mitigating Financial Risks
EarthGrid...the future of infrastructure
- May 7, 2022
- July 21, 2022 - Tech Demo 2021
- August 8, 2022
Learn More - Podcasts
May 2021
Jan Rippingale, CEO Blu Banyan
The woman aiming to remove half a billion tons of carbon per annum from the environment
October 2021
Construction Brothers Podcast
Reimagining Construction - Pete Dumont
The Construction Shared Pains Podcast
Investing in AEC Innovation Pt 2: Measurement & Impact
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