Podcast: The Building BITE
Episode: The Evolution of SDI through Data and Analytics
Please tune in to this episode of The Building BITE Podcast, as we hear from industry experts about key topics to help you be successful. In this episode, hosts Peter Duggan and Mike Diercksen, CRIS, welcome James “Jim” Bly, Managing Director of Alliant Insurance Services' Construction Services Group.
Jim opens the show by sharing his career journey and then quickly dives into addressing how Alliant utilizes industry data, the current landscape, and how it’s impacting the market as a whole. Next, he shares Alliant’s Contractor Credit Model™ (C2M™) looking at ten criteria through the lens of surety underwriters. The model starts with quality financial reporting and then turns towards liquidity. It considers several factors, including historical revenue, equity, and borrowing capacity, to name a few.
Later in the show, we gain three insights into successfully utilizing data when it comes to Subcontractor Default Insurance:
- Garbage in Creates Garbage Out: Not all data is created equal. While data is immense, it’s not always useful or understood.
- Understand What You are Looking At: By getting a 360-point view of the data you want to know, the more valuable the information will be as the chances for missing components and loopholes will be reduced.
- Know What to Look For: You will have an easier time understanding data if you know what to look for. He continues by sharing insights with new standards for financial reporting.
Tune in for industry trends, including those surrounding SDI, labor shortages, and current-day Covid impacts.
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Connect with James on LinkedIn
View Alliant’s website at https://www.alliant.com/
Learn more about their Contractor Credit Model™ (C2M™)
Email James at firstname.lastname@example.org
Connect with Peter Duggan
Connect with Mike Diercksen