Nashua Builders knows it is part of the smartest, most efficient and cutting edge world of construction—prefab construction is the way of the future (not to mention the present).
With that said, it is becoming apparent in other parts of the world as well—like the U.K.
Studies are being done and recommendations are being made in the U.K.
Here are some stats they discovered in a recent study:
The construction industry currently makes up 6.5 percent of the U.K. economy reports showed a healthy growth rate of 3.6 in 2016, returning output to pre-recession levels. While the industry is predicted to continue showing health growth levels, there are still four key areas that where underperformance is apparent:
The construction industry continues to suffer from low labor productivity rates and has failed to realize any substantial growth in productivity over the past 20 years.
Certainty of Delivery
Despite some high profile success stories including the Olympics and Crossrail, the sector has a reputation of unreliable project delivery times and costs. In 2015, only 69 percent of projects were completed on budget and only 40 percent were delivered on time.
The industry is struggling to provide the skilled workforce needed to meet the demand for current and planned projects. Eighty-two percent of surveyed people in the U.K. believe that a skills shortage exists across the board in the construction sector in the U.K.
A lack of timely and accurate project and investment performance data adversely impacts client decision making.
All of these factors are solvable through off-site or “prefab” modular construction. The studies conducted in the U.K. (and everywhere that studies have been conducted) have shown significant increases in productivity, cost-effectiveness and reliability. Not to mention that modular construction is a greener way to build.