THE FUTURE OF BUILDING
While software technology innovations have allowed us to connect the world, automate many aspects of our lives, and create efficiency, the work of construction is still rigid. From the technology and tools used to the processes and methods implemented, little has changed for the last several years. Despite this, modular building (a technique first recorded in the early 1800s) has taken great strides in innovation over recent decades.
If you’re unfamiliar with modular building, the basic premise is that pieces or whole units of a construction project are produced off-site in a factory environment. These are later shipped to that project’s property, while simultaneous site construction is occuring. There are a number of advantages to this kind of operation. For real estate developers, it will become a necessity to know these benefits as the market emerges and the needs of construction change.
Site-built construction occurs piece by piece, in a very linear approach. By contrast, a modularly built project occurs in a more non-linear way that allows for maximum efficiency. That provides time savings, which equates to a decrease in overall costs from a variety of angles.
Specification & Review Process
Integrating the specification, review, design, and building process saves valuable time throughout the overall implementation of a project. Architects and general contractors move with velocity because they collaborate early and often.
The construction phase of a modular building project occurs prior to installation, which means that many issues site-built construction faces are mitigated. This process becomes more seamless, making it easier for real estate developers to predict and plan openings and showings of their properties.
Reduce Back Charges
During traditional construction projects, often times additional fees are unforeseen at the onset of a project due to site conditions. With modular building construction methodology, these issues are managed prior to beginning construction, reducing the need and cost of back charges during the project itself.
By saving time during design and construction, real estate developers see a savings in the cost of their projects. This occurs at nearly every stage of development and compounds as more aspects of the process become modular.
Efficient Use of Materials
By budgeting exactly which materials need to be used, modular construction reduces the amount of material waste properties generate.
The typical costs of construction have been disparate and continue to be separate in traditional site-built projects. Modular building with Volumetric Building Companies is a vertically integrated operation, streamlining the communication between designers, contractors, and vendors.
Vaughan Buckley can tell you more about making your next development product more efficient through modular construction. For specific project inquiries, please contact us here.