Product Update

Modular Construction Discussion Added to Construction Risk Management

This release of Construction Risk Management adds a new discussion about modular construction.

Modular construction involves the prefabrication of component pieces of a construction project in an off-site factory or production, which are later installed as complete units into the project. The benefits modular construction offers—including a shorter time to completion, a controlled work environment, and reduced labor needs on the construction site—have created increasing demand for this approach in North America over the past few years. Because modular construction is a hybrid activity, with elements of manufacturing and elements of construction, it presents both unique opportunities and unique risks for contractors and project owners.