Construction Finance 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.

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 NIBS 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.

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.