Modular Building
Although construction material cost is out of our control, controlling rising costs can be achieved by finding smarter ways to manage materials. By minimizing the margin on construction waste and inefficiencies, construction project managers can better manage the budget to reduce unnecessary spending. A popular method for controlling costs is using prefabricated materials.
Prefabrication eliminates the need for traditionally sourced construction materials which are assembled on-site, resulting in less waste. As the raw materials are assembled offsite and shipped partially assembled, prefabrication reduces the cost of labour, further offsetting the rising cost of materials.
BIM
Another popular method of controlling construction cost is using building information modelling, or BIM, to visualize the construction project at each stage in its life cycle from conception to finishing logistics. BIM combines technology and construction to help contractors and companies visualize and make real-time changes to the scope of a project.
It can also reflect the cost and material differences that each shift in the scope would cause. This level of integration can help streamline the construction process and therefore reduce the wasted materials and time those results from making changes to the scope of a project. Additionally, BIM can integrate with prefab modular construction to further reduce construction material cost and wasted labour hours.
Construction Management Software
Construction field management software is also an effective way to control rising construction material cost. It’s common knowledge that technology is hugely shaping the construction industry. Particularly, field management software is gaining popularity for its ability to streamline communication and minimize inefficiencies. Using construction management software helps project managers manage in real-time and eliminates communication errors between workers on the job site.
