1. Yes, it creates and stores a cache for the loaded BIM Server Libraries in the user settings location.
2. "Manage BIM Server Libraries" in the "File/Libraries and Objects" pull-down menu. The command you are looking for is "Refresh". Also be sure to "Reload" the BIM Server Libraries in your projects after the update.
David Larrew, AIA, GDLA, GSRC
Architectural Technology Specialist
a r c h i S O L U T I O N S
WIN7-10/ OSX 10.15.7
AC 5.1-25 USA