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Modular Construction Saves Time and Project Budget!

Kids with building blocks to illustrate modular construction project
Use of modular structures in construction projects is growing significantly.  79% of General Contractors, 69% of Architects/Engineers, and 53% of Trade Contractors plan on utilizing a “relocatable modular structure” in at least one of their projects within the next three years. The rationale for including modular structures in construction projects vary widely, from project budget reduction, to reduction of the time required to complete the project, to being more “green”.  But whatever the reasons, it is clear that modular construction is becoming an increasingly important sector of the industry.

Reduce Time and Money on Construction

According to this great summary, 71.4% of construction firms that committed to using modular components saw a noticeable difference in Time to Market.  In addition, “79% of General Contractors, 69% of Architects/Engineers, and 53% of Trade Contractors plan on utilizing a “relocatable modular structure” in at least one of their projects within the next three years.”    It is no surprise that these demonstrated reductions in time spent on project, translates directly into significant savings on the construction project budget.  For example, those modular construction projects that were able to achieve a 50% reduction in schedule showed an average cost reduction of $10.93/sqft.

McGraw Hill’s SmartMarket Report Prefabrication and Modularization: Increasing Productivity in the Construction Industry,  reported that the three Main Drivers for contractors selecting Prefabricated & Modularization in the Projects are: Improved Productivity (92%), Competitive Advantage (85%), and Generating Greater ROI (85%).

Here is a listing of 7 great modular construction projects, from hospitals, to schools, to a marijuana dispensary.  Some great examples of this construction modality.

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