Embracing modern methods of construction, new technology and digitalization is even more critical.

An IFS own research suggests that within 5 years, 50% of all construction projects will use offsite/modular manufacturing and/or 3D printing, with prefabricated modules accounting for up to 25% of the construction. Certain projects are already insisting that contractors use these Construction-integrated manufacturing methods.

As contracting for outcomes becomes increasingly common, construction firms are expected to manage complex, but potentially lucrative, performance-based contracts and model complex whole-life costs. Governments know that contractors that use modern methods of construction and a fully data-driven process offer the best way to secure the lowest cost, the optimum quality, the most efficient delivery and the lowest maintenance and operational expense throughout an asset’s lifetime.

Understandably, governmental procurers are keen to optimize value from their infrastructure investment. Increasingly over the last decade Building Information Modelling (BIM) compliance has been part of the selection criteria for contractors as procurers look to achieve a full digital lifecycle process for their assets. Over the next 3 years, it’s estimated that 65% of the industry will implement digital asset lifecycle strategies such as BIM.

Read more here: https://blog.ifs.com/2022/03/infrastructure-projects-the-new-future-for-construction/