RALEIGH, N.C. (October 28, 2013) – FMI, a leading provider of management consulting and investment banking* to the engineering and construction industry, announces the release of its 2013 study on prefabrication and modularization in construction. The report is based on the survey results from construction managers, general contractors, as well as electrical and mechanical contractors. As reported, 81 percent say they own their own prefabrication facilities. This figure is down nine percent since 2010. The decrease in facility ownership could be attributed to inherent challenges within the modularization method, which include: • Selecting the right type of projects for modular construction • State rules about large assemblies being transported on roads • Locating modular-assembly areas close to construction sites • Convincing people that prefabrication and modularized units can produce superior quality buildings • Assuring that the work produced meets code • Proving that the construction method works and saves money • Reducing changes after the work is designed and built However, the practice is not dying. Sixty-one percent expect to see growth in prefabrication facilities over the next five years. Industries that require construction of multiple facilities of similar design, such as healthcare, lodging and education, may see faster growth than other sectors. Universally, the following driving forces have the potential to fuel growth: • Pressure to reduce cost, while achieving a competitive edge • The impending lack of skilled construction labor • The use of BIM, allowing greater coordination of design with construction • The need to increase productivity Founded by Dr. Emol A. Fails in 1953, FMI has professionals in offices across the U.S. FMI delivers innovative, customized solutions to contractors; construction materials producers, manufacturers and suppliers of building materials and equipment, owners and developers, engineers and architects, utilities, and construction industry trade associations.