MBI’s latest webinar, ‘Financial Modeling for Modular and Offsite Construction’, discusses how better coordination in the construction industry will help to finance the upfront costs of modular and offsite construction
The advantages of using modular and offsite construction compared with traditional construction methods are numerous. It is more efficient, delivers shorter schedules, is less costly, has higher quality, and is safer.
However, one of the biggest challenges facing the prefabrication industry today is the difference between financing traditional construction and the upfront capital requirements for modular and offsite construction.
Providing greater coordination among construction professionals is the solution to better financing
Any solution for this problem should introduce better coordination among developers, banks, financial partners, lending institutions, manufacturers, and general contractors.
Financing modular construction is challenging as banks are not familiar with the characteristics of this modern industry, and it is all about risk and return. Financing also helps in reducing risk for developers and allows them to undertake projects without having the upfront capital.
What you will learn
This webinar will introduce current practices and challenges concerning financial modeling for modular and offsite construction, as well as introduced initiatives by governments to facilitate financing modular and offsite construction.
The webinar will also discuss a questionnaire currently being conducted to investigate different variables affecting the financial modeling of modular and offsite construction.
