Weather has always been a problem on construction projects, with 45% suffering from delays due to weather. This pushes schedules out on average by 21%, so roughly 9.5% of the money spent in construction pays for weather downtime and the impacts of adverse conditions. In addition to this about 16% of construction disputes involve weather as a primary or secondary cause.
These are big numbers and they are only likely to rise due to our changing climate. There has been a sharp rise in extreme weather events in the last 2 decades and this is showing no signs of slowing.
The EHAB platform aims to be the planning tool, the independent adjudicator, source of truth, and insurance policy against increasingly extreme weather. To achieve this there must be a model that accurately depicts the state of weather impact in the future, in the present and in the past.
How we model weather risk #
Leveraging weather data at the bid phase allows you to understand the weather risk you are likely to encounter and allows you to justify the correct amount of Time Risk Allowance to your client. This is fundamental to improving margins and avoiding profit being eroded by more extreme weather.
Detailed Planning: #
Using the EHAB platform at this stage of planning helps you and your client to address the challenge of mitigations and where best to spend resources to meet key dates. You can also dig deeper into the programme and understand if there are ways you can optimise.
The EHAB platform throughout construction can help you avoid cancellation fees, provide better early warnings, help you re-price compensation events and also monitor and track the changing risk baseline of the project. This enables you to more proactively manage the risk and avoid costly delays.
The Contract: #
Utilising our QSRA function allows you to gain a larger contingency pot and ensure a more reasonble end date if there is that levell of flexibility in your project.
See Acumen Risk; Guide, Case Study
See Safran Risk; Guide, Case Study
- Coming soon – using the model you will be able to buy an automatic insurance policy that pays out in the event of extreme weather.