2018 Plenary Sessions

Plenary Session 1: The Economic Outlook

Setting the Stage: An Overview of the Performance of the Economy as a Whole and Closer Looks at the Building and Heavy Civil Sectors of the Construction Industry

Overall Performance of US Economy
Economic Performance of Building Sector
Economic Performance of Heavy Civil Sector

For better or worse, the economic performance of both the nation as a whole and the individual sectors of the construction industry have a significant impact on the scope and nature of the risks that the construction, surety and insurance industries have to collectively manage. During this session, three leading economists will share their data on all of the preceding and their insights into its meaning for the coming year. In the process, they will also set the stage for the plenary and breakout sessions that will follow over the next two days. Neither construction risk managers nor their counterparts in the surety and insurance industries have the luxury of working in a vacuum. The goal of this session is to help everyone understand and account for the economic environment in which they need to perform.

  • Ken Simonson, AGC of America
  • Mark Vitner, Wells Fargo Securities
  • Kermit Baker, American Institute of Architects
  • Manuel Balmaseda, CEMEX

Plenary Session 2A: The 2017 Survey Results

Looking for Clues: What the 2017 AGC/FMI Survey the Risk Environment Has Revealed

2017 AGC-FMI Survey Results

Again in 2017, AGC and FMI undertook a survey of the risk environment in the construction industry. This quick session will cover the results, including the risks that seem to be increasing, the pace of the change that the construction industry is expecting to experience, where it expects change to occur and how construction contractors are preparing for the future.

  • Ryan Howsam, FMI Corporation

Plenary Session 2B: The Latest Weather Technology

Blowing in the Wind: What “Big Data” Promises to Do for Weather Forecasting and for Property Damage Claims

Latest Weather Technology

The latest information technology is enabling weather forecasters to gather and understand vastly greater amounts of weather data. This session will explain the implications for a construction industry that is and will remain dependent on accurate weather forecasts. The presenters have compiled over 38 years of data from all sources. They have also pushed the envelope on the software and systems that weather forecasters require to provide timely and “actionable” information to end users. In support of property damage claims, they can also call up the details of past weather events down to a square city block. Come listen and learn about the amazing things that “big data” is doing for the first generation of weather superstars!

  • William Pardue, Weather Analytics
  • Mike Bennett, Weather Analytics
  • Cyrena Arnold, Weather Analytics

Plenary Session 3: Jobsite Safety Technology

Wearing It: Jobsite Technology Improving Worker Safety, Increasing Visibility and Mitigating Risk

Jobsite Safety Technology

This session will focus on the wearable technology and site sensors that are making their way onto construction jobsites. As the speakers will explain, small devices equipped with accelerometers, gyroscopes and altimeters can detect and instantly report slips, trips and falls. Other devices can identify individual equipment operators. In conjunction with the dashboards to which they connect, these devices can also provide real time information on the exact location of every worker and major piece of equipment on a jobsite and monitor their movement throughout the course of a day. Perhaps their biggest promise is to reduce the time required to respond to an incident. But that is far from the end of it. Come listen and learn from the developer of this new technology, an insurance carrier actively exploring the opportunities for improvement and two construction risk managers ready to share their real-world experience.

  • Bill Noonan, Willis Towers Watson
  • Tom Grandmaison, AIG Commercial
  • Chad Hollingsworth, Triax Technologies
  • Doug Ware, Suffolk
  • Don Naber, Gilbane Building Company

Plenary Session 4: Collecting and Understanding Field Data

Shifting the Paradigm: Information Technology Now Powerful Enough to Change the Way Construction Contractors Collect and Understand Field Data and What It Means for Construction Risk Management

Collecting and understanding Field Data

This session will begin with a quick report on the white paper that AGC’s Delay and Disruption Task Force has just completed, including the great cost of resolving claims relating to the schedule and/or labor productivity. It will then explore the information technology promising to change the way that general construction contractors monitor and manage their projects. According to the World Economic Forum, construction operations not only suffer from cost and schedule deviations but also from the late detection of both. Conversely, manufacturers are continuously collecting data on their operations and evaluating their performance in real time. Can today’s technology turn project data into a forward-looking instrument of construction risk management? Can it help contractors stay on budget, stay on schedule, maintain labor productivity and avoid or resolve related claims? Come listen, learn and form your own opinion!

  • Ryan Howsam, FMI Corporation
  • Alex Wehner, Massman Construction Company
  • Zachary Scheel, Rhumbix