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...

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Main Authors: Hargroves, Charlie, Hebert, Lio, Newman, Peter, Green, Jemma, Conley, Daniel
Format: Conference Paper
Published: 2017
Online Access:https://wsbe17hongkong.hk/
http://hdl.handle.net/20.500.11937/80462
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author Hargroves, Charlie
Hebert, Lio
Newman, Peter
Green, Jemma
Conley, Daniel
author_facet Hargroves, Charlie
Hebert, Lio
Newman, Peter
Green, Jemma
Conley, Daniel
author_sort Hargroves, Charlie
building Curtin Institutional Repository
collection Online Access
description 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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spelling curtin-20.500.11937-804622025-05-12T05:29:12Z Exploring Risks and Rewards Associated with High Performance Manufactured Buildings Hargroves, Charlie Hebert, Lio Newman, Peter Green, Jemma Conley, Daniel 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. 2017 Conference Paper http://hdl.handle.net/20.500.11937/80462 https://wsbe17hongkong.hk/ unknown
spellingShingle Hargroves, Charlie
Hebert, Lio
Newman, Peter
Green, Jemma
Conley, Daniel
Exploring Risks and Rewards Associated with High Performance Manufactured Buildings
title Exploring Risks and Rewards Associated with High Performance Manufactured Buildings
title_full Exploring Risks and Rewards Associated with High Performance Manufactured Buildings
title_fullStr Exploring Risks and Rewards Associated with High Performance Manufactured Buildings
title_full_unstemmed Exploring Risks and Rewards Associated with High Performance Manufactured Buildings
title_short Exploring Risks and Rewards Associated with High Performance Manufactured Buildings
title_sort exploring risks and rewards associated with high performance manufactured buildings
url https://wsbe17hongkong.hk/
http://hdl.handle.net/20.500.11937/80462