Rethinking Construction
This June, global management consulting firm McKinsey and Company published “Modular Construction: From Projects to Products,” a comprehensive report analyzing modular construction’s potential impact on the flailing construction industry and other sectors. Here are our 10 key takeaways:
It’s become an axiom of the modern construction industry that projects will take longer and cost more than what was agreed on in the original contract. Developers often feel like it’s impossible to complete a project without experiencing an overage or delay because they’re at the mercy of a number of factors outside their control. This doesn’t have to be the case, however, especially when developers use innovative methods such as modularization to avoid, and in some cases, eliminate such issues.
Modular construction has the potential to eliminate half of the time and virtually all of the stress associated with large-scale commercial construction projects. The technique requires a number of key decisions to yield the greatest success, however.
Here are four important considerations regarding modular construction:
Continue reading “Key Considerations for Modular Construction”