I was asked to present at the Midlands Construction Summit last year, and with a general topic of Construction 2025, it was really interesting to hear a variety of perspectives and opinions on the government's Industrial Strategy.
The strategy sets some challenges which the industry simply can't meet if it carries on delivering projects in the same way;
- 33% reduction in the initial cost of construction and the whole-life costs of built assets.
- 50% reduction in the overall time, from inception to completion, for newbuild and refurbished assets.
Off site construction, with buildings built in factories was one example where we might be able to radically change the time and cost to deliver the buildings we need.
The design for manufacture and assembly (dfma) model isn't new, but with Legal and General joining the likes of Accord Group and Procure Plus, it looks like a trend that will continue to transform the housing sector.
Legal and General is set to open a major offsite factory in Yorkshire as part of a plan to shake-up the house building sector. L&G is set to become a major player in the house building market. The institutional investor is also setting up a new arm to be known as L&G Homes to manage the development of new homes, making it a major player in the sector.