19 Jun '17, 3am

Large contractors harness prefab tech as small contractors keep old ways

While several large construction firms have embraced technological advancement, such as the use of prefab technology, as an opportunity, most small and medium-sized enterprises (SMEs) are still resistant to change, reported The Straits Times. “Conventional construction is facing many challenges. We knew that the (foreign worker) levy was going up and that the Government’s direction was towards work productivity. So, we saw an opportunity to move forward,” said Johnny Lim, executive director at Teambuild, one of the early adopters of prefab technology here. In 2013, a simulations run by Teambuild on some residential projects showed significant savings in time and manpower, even as the technology cost about 20 percent more compared to conventional methods. Now, the cost premium has shrunk to less than 10 percent as the technology matured. Chiang Kian Hong, project director a...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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