Why Haven't Buildings Become Productised? An Exploration of the Possibilities and Barriers to Buildings of the Future
While increasing populations and urbanisation are leading to rising demand for construction, pushing up revenues, both profits and affordability are decreasing. Cost and time are therefore becoming even more of an imperative for return on investment (ROI) and overall growth. Despite advances in technology, and the emergence of industrialised construction some 60 or so years ago, we are still ‘swinging hammers’ on site, creating buildings that are all unique and bespoke. Why is that?
Transparency Key to Fixing the Building Products Industry
Measures that focus on improving the industry's information flow, transparency, accountability, and feedback loops are more realistic and achievable in the short-term than overarching compliance and regulation. A system that inherently drives accountability and transparency allows the market to regulate.
Weekly News Highlights - 8th May 2020
West Gate Tunnel delayed until 2023, Western Australia to provide $24.5 million in support to trades and apprentices and Lendlease are seeking a $1.15B investment to keep it afloat during a global downturn in property and construction.. this was your week in construction.