Many construction projects have a reputation for being completed behind schedule and over budget. Companies have tried to improve project time, cost and quality by using technological and commercial industry innovations such as Building Information Modelling (BIM) . But they have largely failed to reverse the trend of poor productivity and project uncertainty or counter the growing challenge of industry skills shortages.
Challenges such as industry skills shortages, project uncertainty and poor productivity mean construction projects are often completed behind schedule and over budget. Predictability is paramount to the future success of the construction industry, and offsite construction offers this through the standardisation of processes and assets. By embracing offsite construction we can pave the way for a more progressive, data-driven industry boosting profits and the wider economy.
If you would like to discuss the biggest opportunities that impact your organisation, please get in touch with Michele Connolly, Partner and Head of Corporate Finance.