Infastructure Financial Data Working Group

A national working group focused on accelerating collaboration and aligning open data standards - ISO, XBRL, FDX, and others - supporting the Advanced Digital Construction Management Systems (ADCMS) initiative and the creation of next‑generation infrastructure that benefits all stakeholders, particularly small business.

 The Vision: Infrastructure as a Connected System

“When we try to pick out anything by itself, we find it hitched to everything else in the Universe.”

John Muir, My First Summer in the Sierra (1911)

Discover how the emerging digital ecosystem is rapidly advancing, driven by legislative mandates and AI‑enabled innovations that build on the 40% efficiency gains identified by the University of Texas Austin and CURT OS2 study.

Image the cost and time savings if the standardized AFP data exchange followed the model SolarApp for standardized digital documents for permitting solar projects.

Consider the impact if the U.S. Treasury modernized the T‑List to include the surety URL for digital functionality and the integration of the Legal Entity Identifier (LEI) to strengthen transparency and supply‑chain integrity.

Understand how agencies and industry can secure immediate operational gains - without replacing legacy systems - simply by implementing internationally recognized data interoperability through open standards that already exist and are ready for deployment.

Engage with a broad coalition of leaders whose work has laid the structural foundation for today’s rapid progress: federal and state agencies, standards bodies, universities, trade associations, and practitioner networks.

Explore how Application for Payment (AFP) data is now delivering high‑integrity, machine‑readable information to multiple stakeholders - reducing costs, improving risk management, and enabling real‑time oversight.

Join the pool of contributors and influencers on the Construction Finance Data Working Group to align the AFP with XBRL - GAAP, buildingSMART- IFC and other data standards to provide stakeholders clarity on implementing data interoperability to enable digital ecosystems. 

Join us in shaping next‑generation infrastructure - costing less, delivering more, and enabling the journey to Mars.

Engage and be inspired.

The Infrastructure Financial Data (IFD) Working Group mission statement is to synergize and engage a wide range of stakeholders to establish high integrity data exchange for common data exchange activities.

The proposed 90 day action plan is to initially expand the XBRL taxonomy for high integrity “Application for Payment” (AFP) data elements because of its universality, impact on AI quality, and potential uses across multiple stakeholders.

The immediate objective of the working group is to break through the silo’s and convene multiple initiatives around digital twins and digital assets.  Demonstrate an extended digital ecosystem that today enables consistent, reliable and sustainable data interoperability functionality that stakeholders will invest the time and expense to implement.

One deliverable is a business case that outlines the cost benefit of project owners, particularly DOT’s, to transition from reporting “Application for Payment” in PDF with without data standards to digitally utilizing the XBRL open data standard for high integrity data that aligns with the ACDSMS initiative and ISO structure.

The longer-term objective is to align with ADCMS initiative and have the AFP data standard become part of the ISO recognized standards for the confidence that ISO and XBRL provides.

US National Science Foundation

Industry–University Cooperative Research Center (IUCRC)

Digital Twin Research, Innovation & Collaboration Hub (DT-RICH). 

George Mason University, Virginia Tech and Harvard

Leadership

NSF Digital Twin Research, Innovation & Collaboration Hub (DT-RICH)

Chaowei Phil Yang

Business Use Case

K. Dixon Wright 

SRC Digital Insurance Services

Finance Technical

David Blaszkowsky

EDM Association

Construction Technical

Calvin Kam, Min Song

Strategic Building Innovation (SBI) 

Intra-Data Exchange (Texas A&M)

Carson Whitaker

Objectives: 

1. Increase participation in Digital Delivery initiatives by forming the Infrastructure Financial Data Working Group to expand the XBRL taxonomy and align with ISO, buildingSMART IFC, FDX, NIBS and other standards.  Starting with the data set for the “Application for Payment” (AFP) as a model for enabling high integrity data exchange without preference, endorsement, exclusivity or requiring proprietary systems.

2. Provide a business case to the Federal Highway Administration, DOT’s or other project owners to consider the expansion of the XBRL taxonomy for the AFP in alignment with the ADCMS Initiative to enable DOT’s to transition from low quality AFP PDF’s in the cloud to high integrity AFP data sets that enables AI.

3. Modernize the Treasury T-List by adding the LEI and URL for sureties to engage and connect digitally with stakeholders to promote AI innovations that reduce costs and enable the AFP data set to improve risk management.

Infrastructure Financial Data Working Group - Action Plan

1. Expand the Liaison Network.

2. Continue our AI Seed Contract collaboration with universities

• Demonstrate how low quality AFP PDFs published by DOTs can be transformed into high integrity, actionable data that supports AI innovation aligned with ADCMS, without endorsement, exclusivity, or proprietary constraints.

3. Conduct a Review and Comment process to establish the Application for payment (AFP) Data Set

• Engage the expanded liaison community to establish a multi stakeholder AFP data set in XBRL that can be freely integrated into digital twin models and support GAAP aligned digital asset quantification.

4. Engage Treasury to issue a Request for Comment

• Focused on modernizing the T List to generate operational gains for all stakeholders and improve access to financial products and services for small businesses.

5. Engage the liaison community

• Build awareness of how digital ecosystems can support small business participation and growth.
• FISTech as model platform

Stakeholders and Hierarchy

Federal Highway Administration (FHWA)

Advanced Transportation Technologies and Innovation

Accelerated Implementation and Deployment of Advanced Digital Construction Management Systems (ADCMS)

Center for Accelerating Innovation

Every Day Counts

EDC Innovations

E- Construction

e-Construction and Partnering

State Transportation Innovation Councils (STIC) Incentive Program

Accelerated Innovation Deployment (AID)

American Association of State Highway and Transportation Officials (AASHTO)

AASHTO Innovation Institute

Treasury

Bureau of the Fiscal Service

Surety Bonds

List of Certified Companies (T-List)

Department of Energy

Dept of Energy Orange Button: Data Standards in Solar Financing

Orange Button taxonomy

OB Alliance

Federal Energy Regulatory Commission (FERC)

Filing FERC forms in XBRL

Yeti Taxonomy Viewer Guide - XBRL

Small Business Administration

SBA Adopts XBRL for Surety Bond Guarantee Programs for Small Businesses

Capital Access Financial System

Surety Bonds

SBA Work on Hand XBRL Mapping tool

Contractors – Construction 

Global Legal Identifier Foundation

LEI Model in XBRL

Get an LEI

International Organization for Standardization (ISO)

ISO Technical Committees

ISO 19650

ISO/TC 59

Buildings and civil engineering works

ISO/TC 59/SC 13

Organization and digitization of information about buildings and civil engineering works, including building information modelling (BIM)

Advance the use and support of relevant ISO Standards in the U.S. 

ISO 20022 - Information exchange for financial services

Aligning FDX with XBRL and ISO

ISO 20022 

Application for payment 

pain.013            

The actual request-to-pay / application for payment

Status of application 

pain.014            

Status report for the application

Payment instruction 

pain.001            

Defines the payment data set referenced by the application

International Secretariats and U.S. TAGs Administered by ASHRAE

Technical Committee Scopes

ISO/TC 59/SC 13 – SC 13 is charged by TC 59 to focus on international standardization of information through the whole life cycle of buildings and infrastructure across the built environment

• to enable interoperability of information
• to deliver a structured set of standards, specifications and reports to define, describe, exchange, monitor, record and securely handle information, semantics and processes, with links to geospatial and other related built environment information
• to enable object-related digital information exchange

National Institute of Building Sciences (NIBS)

Digital Technology Council (DTC)

Digital Delivery Committee (DD-C)

AI Seed Contracts:

• Convert AFP PDFs → XBRL/FDX structured data
• Extract contract milestones (ConsensusDocs)
• Map BIM/IFC →digital‑twin attributes
• Validate identity via LEI
• Produce a federally recognized AFP schema

This becomes the reportable financial transaction required for stablecoin‑enabled payments and ADCMS compliance.

Structure

• Informal structure with Dixon Wright as Lead Mentor, a University Mentor(s) and a University Team(s) under an MOU.
• MOU can be with anyone, entity or group.  MOU does not have to be with the university.
• Revenue triggers forming a company with initial ownership 33% for mentors and 34% for the team. Can be adjusted as desired.
• University Team can by anyone, a group, a club or an entire class. No rules.

Objective

• Collectively produce a roadmap to digitizing infrastructure, stating with the application for payment data set, that all stakeholders can easily implement and that supports ongoing expansion of the XBRL taxonomy for continuously modernizing its functionality.

• Guarantee data interoperability with next generation digital currency, digital twins and all legacy and future contractor systems, platforms and standards.

• Align with the ADCMS initiative (grant not necessary) for the guidance and scope that synergizes the entire federal, state and local polices to enable next generation infrastructure by converting PDF’s in the cloud to actionable data.

• Provide University Teams with the FISTech platform to monetize their platform.

Obligation

• There are no obligations, just opportunities.
• The intent is to inspire imagination and creativity, not operate under a script. 
• The funds are provided without strings, and nothing is required to account for the funds.

Opportunity

• Engagement with peers and mentors from other campuses to broaden education, experiences and personal network.
• Contribution to industry initiatives that benefit all stakeholders.
• Potential to create a platform that is prepared to leverage the transition from PDF’s in the cloud to actional data from all sources that can be monetized. 

Team Formation

• Any university can form a team with a financial sponsor for the $5,000 stipend to students.
• Contact K. Dixon Wright at dixon@srcdis.com

Funding 

• Sponsor funds $5,000 stipend for students
• Team may secure additional funding.

Not funded

• Expenses - Any expenses contemplated should seek additional funding if necessary.
• Travel - No travel is required, but optional.
• University charges, if any.