Modular construction can certainly save money, but that is not its primary advantage. The primary advantage of modular construction is that it saves time and provides a faster return on investment.
Fremont, CA: As any professional in the building industry knows, construction can be an expensive and time-consuming endeavor. Delays are nearly as common as on-time construction and can be caused by extensive bureaucratic requirements, weather and other unexpected circumstances, inadequate planning, insufficient personnel, or a variety of other factors. Long construction projects can also have a negative impact on public perception even before they are built, especially if they cause delays or inconvenience to those who live or work nearby. Furthermore, some projects simply require a faster timeline than is typically possible for a traditional construction project. Fortunately, modular construction is a viable option for those looking to significantly reduce construction time.
What are the advantages of modular construction over traditional building methods? Is it truly cost-effective?
Modular construction can certainly save money, but that is not its primary advantage. The primary advantage of modular construction is that it saves time and provides a faster return on investment. Because modular construction allows for industrialized assembly to occur concurrently with site preparation, the total time required to build a structure can be drastically reduced. Often, the factory-built modules are ready to be installed by the time the site is ready. A modularly built hotel, for example, can open its doors and generate revenue 30 to 50 percent faster than a traditional-built hotel.
Other advantages include increased worker safety, productivity, schedule certainty (late change orders, as well as weather delays, are greatly reduced with modular construction), and cost predictability.