The Construction Industry has always proven itself to be a very important contributor to the growth of our nation’s economy. The Construction Industry generates over $360 billion in revenue, producing around 9% of Australia’s Gross Domestic Product, and has a projected annual growth rate of 2.4% in the next five years. In 2020, employment reached just under 1,180,000 and is projected to exceed 1,282,000 by 2024 (https://nationalindustryinsights.aisc.net.au/industries/construction).
The Construction Industry is currently still following out-dated, craft-based, highly labour-intensive principles. This archaic methodology results in project budget & timeline blowouts and dissatisfactory consequences with respect to quality, OH & S and environmental impact. Almost every other industry currently is being advanced with automation and modern, intelligent methodology to further efficiency & productivity.
With increasing pressure on labour costs throughout projects, Builders and Construction companies today rely heavily on the suppliers & contractors that can assist them with executing their construction projects safely, efficiently & defect free. The best suppliers & contractors must be continuously evolving and be incredibly efficient and reliable to be able to ensure that they are not creating additional cost & timeline pressure on Project & Site Managers. As the industry is very labour intensive, there are significant savings to be made through intelligent Process Engineering.
Modular Construction, also known as Prefabricated Construction, is a perfect example of the way Lean Manufacturing principles have found their way into the Construction Industry.