Although the construction industry has experienced some turbulence with changing regulations and labor shortages, there is still a demand for construction. Our Nashville construction attorneys know that it’s critical for construction professionals to stay abreast of current industry trends so they can stay ahead of their competition. If you want to ensure your business thrives, get on board with the trends listed in this two-part series. Skip ahead to part two for the remainder of the article.
Prefabricated construction is growing in popularity. Prefab, or modular construction, is a type of construction that is done offsite. These methods are used in both residential and commercial projects. Prefab construction is beneficial because over the course of a project, waste, construction time, and costs are reduced. The result is a more defined budget and project timeline. According to a McGraw-Hill report, “35 percent of prefabrication users reported their project schedules were decreased by four weeks or more, 41 percent reported their project budgets were decreased by 6 percent or more, and 44 percent reported that construction site waste was decreased by 5 percent or more. ” The industry is slow to embrace this method; however, with its benefits, it proves to be a promising trend that will be fully embraced soon.
Building Information Modeling (BIM)
Building Information Modeling (BIM) has long been used on larger projects but is now being used more commonly on projects of any size. Through BIM, construction professionals can create better designs. The benefits of BIM include faster project completion, better coordination among the different parties, lower costs, and more consistent document generation. The possibilities of BIM are endless. For example, while working on a complex project, members of the building team can view every change in design, material, or scheduling.
Like BMI, laser scanning is another technology that is having a positive effect on the construction industry. A laser scanner creates a laser recording of field data which captures the conditions of a job site and converts them into a cloud of data points which is then uploaded into a 3D BIM. This technology is beneficial because after the information is received, it will give professionals the ability to make changes early in the construction process.
Disclaimer: The information contained in this article is for general educational information only. This information does not constitute legal advice, is not intended to constitute legal advice, nor should it be relied upon as legal advice for your specific factual pattern or situation.