Donald Marr leverages over 25 years of experience as a real estate developer to inform his role as president and CEO of Diversified Investment Group. Donald Marr maintains a keen interest in the major trends in the industry, such as using modularization in construction.
The modular approach to construction refers to the process by which the large components of a building are prefabricated or premade at a remote facility that specializes in rapid assembly. These components may include building walls, floors, insulated panels, and roofs.
Over the years, modular construction has gained popularity due in part to its cost-effectiveness and ability to reduce hazards at work sites. A survey conducted by McGraw-Hill Construction on the adoption of modular construction showed that 60 percent of both architects and engineers, as well as 72 percent of contractors, believed that modularization has the potential to reduce the project schedule by an average of 2 weeks without impacting the quality of the construction. And since the prefabrication takes place in enclosed facilities, construction workers are not exposed to external factors or forced to work near cranes and heavy equipment that might collapse at any time.
Furthermore, the study revealed additional benefits of modularization in terms of sustainability. Because the bulk of the construction and assembly is done in a controlled environment, the processes are more efficient and a lot less prone to errors that can result in waste. Modular components are also designed to be disassembled and modified easily, which allows for reuse and recycling.