According to McKinsey, Modular can Deliver Projects 50% Faster
Post date
June 27, 2019
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Written by Kim Slowey, Construction Dive
A new report from McKinsey & Co. says that modular building could be the next big shift in construction, driving the industry to start looking at projects as products instead. Modular, the research company said, could give the construction industry the "productivity boost it needs," along with $22 billion in annual savings in the U.S. and Europe combined.
Advantages to modular construction, McKinsey wrote, are that it can deliver projects 20% to 50% faster than traditional methods; a potential for cost savings of up to 20%, although there is a risk of up to a 10% loss if delivery or material costs become an issue; and a ripe market around the world ready for this kind of disruption."