Get in touch to join the movement.. 1.
Professor Glass explains that as we turn our efforts towards shaping the future of construction, one of the areas we need to prioritise is our action on net zero and climate change.With construction currently contributing 39% to global carbon emissions, we simply aren’t moving fast enough and the issue needs to be brought forward.
She also says that while her team has really begun to understand the business model innovation that’s possible, they don’t yet understand how to take it forward.Action research is needed to be able to study and do at the same time.Testing out some different business models on live construction projects would be risky, she says, but also a magnificent opportunity.. Bryden Wood has previously discussed the fact that the issues currently holding back the construction industry aren’t the technical aspects, but rather the cultural issues, insurances, warranties etc.
In essence, we need someone to take the brakes off, overcoming the friction and constraints.COVID-19 facilitated that to a certain extent, with companies forced to transition to digital very quickly and managing to do so successfully.
However, while every other sector has experienced disruption to their business model creating major changes, construction is very risk averse and the implications are long-term.
To get a digital thing slightly wrong has, in a sense, a transience that doesn’t matter.Construction has famously low investment in R&D, which increases the risk profile.
As most projects are currently prototypes, there is very little opportunity to test something out before it becomes a live project.On our current project for Landsec, we’ve witnessed the benefits of prototyping everything in advance at our testing facility in Ropley.
This certainty from testing should continue to reduce the risk profile, making us more attractive to investors.. What role does government play in the future of construction Platforms?.Since mandating BIM back in 2011, the UK government has played a crucial role in the effort to turn a Platform approach to construction into a reality.
(Editor: Portable Glasses)