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November 22, 2019

Modular Construction: Big Risks, Bigger Reward

By Partner ESI

RISK MANAGEMENT, PLANNING CAN SAVE TIME AND COST

When you think of traditional modular construction, most people imagine cheap, single- or two-story buildings, or a cookie-cutter house on a rolling truck being delivered to its permanent location. But modular construction methodology has come a long way. These days, modular construction involves fabricating a building’s core structural components — referred to as modules — in an off-site factory or facility, then transporting them to the construction site to later stack and assemble on a foundation or podium.

With technological gains and advantages have come greater risks, necessitating management oversight and meticulous planning.

To read the full article, by Partner Engineering and Science Inc. Senior Assessor Silvia Witzke, click here.

About the Authors

Partner ESI

Partner ESI

Founded in 2007, Partner Engineering and Science Inc., is the leading provider of engineering, environmental, energy, and construction consulting for the commercial real estate (CRE) industry. Touching 1 in 5 CRE transactions in the U.S., Partner is widely recognized as the largest and best provider of third-party physical due diligence reports, including Phase I Environmental Site Assessments, Property Condition Assessments, Seismic Risk Assessments, Zoning Reports, ALTA Land Title Surveys, and Construction Risk Management. Partner’s connectedness to the CRE market gives it an unparalleled view into CRE trends and risk management insights. Partner also provides a full suite of consulting services to support the entire real estate lifecycle, including: Geotechnical Consulting; Building Systems Consulting; Capital Management and Project Implementation Support; Environmental Health & Safety Consulting; Energy, Sustainability & Resilience Consulting; and Site Civil Engineering. With a responsive approach scaled for speed and agility, Partner helps clients manage risk, make smart investments, optimize asset performance, and win at their real estate investment strategies. Based in Torrance, Calif., Partner has over 1,400 employees in 40 offices around the globe.

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