February 9th, 2017
Raleigh, N.C. FMI Corporation, the leading provider of management consulting and investment banking services to engineering and construction, infrastructure and the built environment, is pleased to announce the release of the “2017 FMI/BIMForum Prefabrication Survey.” The publication offers insights into key trends and drivers shaping today’s prefabrication environment in construction.
Study findings are based on almost 200 participants—a mix of both specialty trade contractors and GCs/CMs—most of whom work in the commercial sector. The companies that participated in this study collectively generate approximately $38 billion in industry revenue each year.
Key highlights of the report include:
- The majority (77%) of respondents think today’s prefabrication environment is different than in 2013 when we last surveyed the industry.
- The amount of project work using prefab has almost tripled between 2010 and 2016.
- Almost 90% of respondents perceive their prefabrication process as ineffective or in need of improvement.
- Contractors want to double their labor investments in prefabrication over the next five years.
- Many survey participants achieve minimal savings in total annual labor hours related to prefabrication efforts.
For the full analysis of the survey’s results, click here.
For over 60 years, FMI has been the leading management consulting and investment banking firm dedicated exclusively to engineering and construction, infrastructure and the built environment.
FMI serves all sectors of the industry as a trusted advisor. More than six decades of context, connections, and insights leads to transformational outcomes for our clients and the industry.
Rebecca Esler, FMI