Key Takeaways:

• Climate change is increasing water risks, leading to higher utility costs, insurance premiums, and construction delays.
• Smart water management solutions like flow metering, actuator valves, and auto-shutoff valves help prevent costly damage.
• AI-driven water monitoring enables builders to optimize usage and reduce risks in real time.
• Banyan Water provides advanced water management solutions to help builders cut costs, improve efficiency, and protect their investments.

Climate change is reshaping water availability, making water risk management a serious consideration for builders and commercial property managers. As droughts intensify and extreme weather events become more common, water shortages and unpredictable supply chains drive utility costs, increase insurance premiums, and delay construction projects. Ignoring these risks isn’t an environmental issue; it directly affects your bottom line.

Wise management isn’t just about water conservation but protecting your investments. Water mitigation for builders involves leveraging technology like meters and valves to ensure efficient usage and reduce potential damage.

1. Utility costs are increasing

Water scarcity is driving up utility costs at an alarming rate. According to Water Finance & Management, U.S. water and sewer bills have risen 24% in five years. UN Water emphasizes that climate change is a significant factor in this trend, noting that shifts in precipitation patterns and extended droughts are making water scarcer and costlier. For builders and commercial property managers, this means significantly higher operational costs. Large-scale construction projects, which require substantial water use for concrete mixing, dust control, and plumbing installations, are particularly vulnerable to these price hikes.

 2. Insurance premiums are climbing

With increased water-related risks, insurance companies are adjusting their rates. Insurance Business Magazine reports that water-related damage is one of the top claims in the construction industry, prompting insurers to reassess policies and hike premiums. Builders risk insurance now considers water management practices when determining coverage, making intelligent water control systems a necessity rather than a luxury.

NerdWallet also explains that builders’ risk insurance covers damage from unforeseen incidents like water intrusion and pipe failures. Taking a proactive approach to water management can help mitigate these risks and lower insurance premiums.

Implementing water flow metering

Accurate water flow measurement is crucial for monitoring consumption and identifying inefficiencies. For instance, Hewlett-Packard (HP) utilized smart water technology to manage multiple water sources on its Palo Alto campus. This approach led to a 42% reduction in water usage, demonstrating the impact of precise monitoring and management.

Using actuator valves for leak prevention

Automated systems that control water flow can prevent costly leaks. A global retailer implemented real-time leak detection solutions, which included automated controls. This proactive measure saved the company $6,000 annually by identifying and addressing a minor sink drip before it escalated.

Installing auto-shutoff valves

Advanced safeguards like auto-shutoff valves are essential to minimize damage from unexpected leaks. LivCor, a real estate asset management firm, deployed smart water management solutions across its portfolio. This initiative increased its net operating income and enhanced property protection through automated leak detection and response systems.

These examples underscore the importance of integrating advanced water management technologies to effectively reduce costs and mitigate risks.

Technology is revolutionizing water risk management. Innovative water solutions software enables builders and property managers to monitor, analyze, and optimize water use across multiple sites.

For example, Banyan Water Central provides real-time insights into water consumption patterns, helping businesses implement best practices for sustainable water management. Advanced AI-driven platforms can also predict potential water risks before they occur, ensuring proactive solutions rather than costly reactive measures.

Builders and property managers looking for reliable water mitigation solutions can turn to Banyan Water. Their comprehensive platform provides the tools needed to optimize water use, reduce costs, and prevent damage before it happens.

With Banyan Water’s Construction Insight, users gain access to real-time water usage monitoring for commercial properties, allowing for immediate adjustments and improved efficiency. Today, investing in smart water management means safeguarding your business against tomorrow’s rising costs and liabilities. 

Ready to take control of your water risks? Schedule your free consultation with a water management expert today!