Exploring Risks and Rewards Associated with High Performance Manufactured Buildings
The transition to the offsite construction and manufacture of buildings stands to create a lucrative opportunity for the global building sector. The shift to the manufacture of buildings stands to generate numerous benefits including economic benefits (such as construction times for major commerci...
| Main Authors: | , , , , |
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| Format: | Conference Paper |
| Published: |
2017
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| Online Access: | https://wsbe17hongkong.hk/ http://hdl.handle.net/20.500.11937/80462 |
| Summary: | The transition to the offsite construction and manufacture of buildings stands to create a lucrative opportunity for
the global building sector. The shift to the manufacture of buildings stands to generate numerous benefits including
economic benefits (such as construction times for major commercial construction projects substantially, social
benefits (significantly improving workplace occupational health and safety by bringing the majority of building
construction indoors), and environmental benefits (through reduced materials wastage, reduced materials
transportation, greater inclusion of energy and water efficient elements, and the potential for greater use of recycled
materials). This paper explores a range of factors that affect the attractiveness of such benefits along with the
perception of the associated risks related to the fact that for instance in order to provide the access to capital
needed to significantly upscale building manufacture long standing financing structures need to be redesigned in
the building sector related to providing progress payments and dealing with completion risk.
The paper is informed by an industry workshop held by Sustainable Built Environment National Research Centre
(SBEnrc) in Australia, in collaboration with the EU Centre for Global Affairs at the University of Adelaide and
prefabAUS, on the topic of “Capturing Opportunities from Financing Offset Building Manufacture”. The workshop
was held as an official partner event as part of the European Union’s Green Week 2016. The workshop was well
attended with 25 representatives from banks, builders, government agencies and researchers. In-line with the
Green Week theme of “Investing in the Future” the workshop focused on how the banking community perceived
risks and rewards from investing in the manufacture of buildings in Australia. |
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