Construction Cost Estimates: Why Accuracy is Essential
Construction projects always have their differences — each building comes with a unique set of circumstances, even if it’s based on an identical model. This means construction cost estimation must be performed for each individual structure that’s built, and there are a number of reasons that it’s essential for those estimations to be as accurate as possible.
- Blog Post
- December 2018
- Pekka Moilanen
For modular construction, a building method where many of the structure’s parts are prefabricated in a factory setting before being assembled on-site, 2020 and the first part of 2021 proved to be periods of tremendous growth. Why?
With the right moves, real estate developers can be significant players in the move to modular. Timelines will accelerate, construction costs will lower, and efficiencies will increase across the board. Why not start now?
As of late last year, roughly 900 million people were living in informal settlements worldwide, and the UN estimates that by 2030, 3 billion people will need affordable housing in major cities. So, how can cities address the need to build safe, affordable housing in a way that’s still mindful of the environment? The answer may come down to construction methods.