The SP3 Core Technology is the underlying foundation for all of our SP3 software modules. This SP3 Technology provides seismic risk insights that are building-specific and site-specific for any level of building information, enabling screening assessment of thousands of buildings based on rough inventory data, up to comprehensive high-information assessments for individual high-value buildings, and everything in between.
Building-Specific Seismic Risk Insights
The SP3 Technology provides these building-specific seismic risk insights by using detailed Monte Carlo engineering analyses that are automated through extensive proprietary research-backed SP3 Databases and SP3 Engines. These proprietary SP3 Databases and SP3 Engines leverage decades of research results, and enable the SP3 Technology to create a detailed seismic risk model of your building, handling the nuances of your building type, site properties, and your building structural and non-structural design. The SP3 Technology uses this detailed building model to then estimate your building-specific repair costs and building closure times.
FEMA P-58 Risk Analysis Framework
The SP3 Technology is founded on the transparent open-source FEMA P-58 risk analysis framework developed by the Applied Technology Council and funded by FEMA.
Founded On Detailed Engineering Analyses
With the SP3 Technology being founded on detailed engineering analyses, in contrast to other vendor and historical models based on empirical information and judgement, this allows the SP3 Technology to give reliable predictions even for cases with no available earthquake experience data (e.g. new tall buildings, newer tilt-ups, etc.).
The SP3 Technology has been extensively validated against earthquake observation data, such as the experience data from the 1994 Northridge earthquake.
A Wealth Of Statistical Risk Information
The SP3 Technology provides a wealth of statistical risk information from detailed Monte Carlo simulation including repair costs, repair times and closure times for business interruption (including reoccupancy, building function, and full repair), probability of red tagging, safety metrics, building ratings, and detailed information on expected damage to structural and non-structural components.
Seamlessly Refine Your View Of Risk
The SP3 Technology is the common underlying risk assessment technology underpinning all the SP3 seismic risk assessment modules, so you can seamlessly add additional building information to refine your view of risk, from low-building-information (using SP3-PreScreen and SP3-Batch) up to detailed evaluation with much more building-specific data (using SP3-Standard and SP3-Advanced).